South Carolina Public Service Authority Revenue Refunding Obligations 2010B Rated 'AA-'; Other Ratings Affirmed Oct 10
- ID: 1815097
- October 2010
- Region: South Carolina
- Standard & Poors
NEW YORK (Standard & Poor's) Oct. 13, 2010--Standard & Poor's Ratings Services has assigned its 'AA-' rating to South Carolina Public Service Authority's (Santee Cooper or the authority) proposed $181 million series 2010B refunding revenue obligations. At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying ratings on Santee Cooper's existing long-term debt, its 'SP-1+' short-term rating on the utility's senior-lien $220 million series 2010A LIBOR index bonds that will mature within one year, and its 'A-1+' short-term rating on Santee Cooper's subordinate lien commercial paper. The outlook on the long-term ratings is stable. "Low-cost coal fired generation dominates the generation portfolio and provides customers with favorable wholesale and retail rates, but potentially exposes the utility to...
Companies mentioned in this report are:
- South Carolina Pub Svc Auth
Action: New Rating
Action: Outlook: Stable
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