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Orlando Utilities Commission, Florida; Combined Utility Jun 11

  • ID: 1815274
  • June 2011
  • Region: Florida
  • Standard & Poors
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Standard & Poor's Ratings Services has assigned its 'AA' rating to Orlando Utilities Commission (OUC), Fla.'s, utility system revenue refunding bonds series 2011B. In addition, Standard & Poor's affirmed its 'AA' long-term and underlying ratings on OUC's parity debt obligations outstanding. The outlook is stable. The ratings reflect what we believe to be the following credit strengths: Consistently strong financial performance and substantial cash reserves, with what well-defined policies governing their use; A diverse power supply mix, with ownership interest in fossil steam, combustion turbine, and nuclear plants, as well as the use of purchased power contracts; Rates that are below average as measured against most of Florida's investor-owned utilities and comparably sized municipal utilities; and A service area that...

Companies mentioned in this report are:
- Orlando Utils Comm

Action: New Rating

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

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- Orlando Utils Comm

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