Error: Cannot retrieve the information for application credential key

If you are receiving the error Cannot retrieve the information for application credential key. the problem is that the credentials could not be encrypted because no credential key has been established; to establish a credential key you must run STSADM -o setappassword -password password

After you have established a credential key to encrypt the logon identity password you will be able to run
stsadm -o setproperty -url http://blahblah:101 -pn peoplepicker-searchadforests -pv “domain:domainname”,domainusername,SET-PASSWORD
eg:
STSADM -o setproperty -url http://server:port -pn “peoplepicker-searchadforests” -pv “domain:bar.foo.corp.com”, LoginName, P@ssword

For detailed information on support for cross-forest deployments visit http://blogs.msdn.com/sharepoint/archive/2006/03/15/552331.aspx

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