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Seminole Electric Cooperative, Florida; Revenue - Transportation, Other Product Image

Seminole Electric Cooperative, Florida; Revenue - Transportation, Other

  • ID: 1710089
  • July 2000
  • Region: Florida
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Abstract
The issuer credit rating of 'A' assigned to Florida's Seminole Electric Cooperative, Inc. (Seminole) reflects Seminole's strong capacity to meet financial obligations created through debt instruments and contracts. Seminole has been assigned a business profile score of '4' on Standard & Poor's 10-point business profile scale, with '1' being the highest. This score reflects Seminole's sound capacity for long-term viability as electric markets deregulate. Seminole sells energy under "all requirements" contracts to 10 distribution cooperatives that serve portions of 45 counties throughout peninsular Florida. Debt and contractual obligations are satisfied with revenues received through the sale of electricity to member distribution cooperatives. Electricity sales totaled approximately 12,000 gigawatt-hour (GWh) in 1999, which placed Seminole among the nation's five largest generation...

Companies mentioned in this report are: Seminole Elec Coop
Action: New Rating

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