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Error 5589 Error reencrypting credential

Title: Error 5589 Error reencrypting credential

Product Version: Windows SharePoint Services 3

Event ID: 5589

Event Description:
=============
Event Type:    Error
Event Source:    Windows SharePoint Services 3
Event Category:    Topology
Event ID   :    5589
Date:        10/16/2011
Time:        10:38:33 PM
User:        N/A
Computer:    SPSDB1
Description:
Error reencrypting credential Id e87c282e-09e4-43b5-a6df-3c125bc7ea06 with owner Id
5544bd64-0483-4ad5-a8a1-76d8b130e5f8 during deploying of administration application pool credentials, please recreate credential manually. Operation is not valid due to the current state of the object.

Solution:
=======
Ignore this error event as central administration application pool credential has been manually updated already.
This event occurs when we ran updatefarmcredentials command and gets following output.

"One or more errors deploying administration application pool credentials.
  Please check the application event log and fix manually."

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Keyword: error 5589, error event 5589, error 5589 sharepoint, error 5589 Operation is not valid

Reference: N\A

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