• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
South Carolina Public Service Authority's 2011C Refunding Bonds Assigned 'AA-' Rating; Other Ratings Affirmed Sep 11 Product Image

South Carolina Public Service Authority's 2011C Refunding Bonds Assigned 'AA-' Rating; Other Ratings Affirmed Sep 11

  • Published: September 2011
  • Region: South Carolina
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Sept. 9, 2011--Standard & Poor's Ratings Services has assigned its 'AA-' rating to South Carolina Public Service Authority's (Santee Cooper) proposed $132.36 million series 2011C refunding bonds. The bonds are payable from the authority's retail and wholesale electric system's net revenues. At the same time, Standard & Poor's affirmed its 'AA-' rating on Santee Cooper's existing parity long-term revenue bonds, its 'SP-1+' short-term rating on the authority's 2011A senior-lien LIBOR index bonds that mature within the next three years, and its 'A-1+' short-term rating on the utility's subordinate lien commercial paper. The outlook on the long-term ratings is stable. "In part, the ratings reflect our view of low-cost coal fired generation, which dominates the generation...

Companies mentioned in this report are:
- South Carolina Pub Svc Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- South Carolina Pub Svc Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS