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Summary: Municipal Electric Authority of Georgia; Wholesale Electric Apr 10 Product Image

Summary: Municipal Electric Authority of Georgia; Wholesale Electric Apr 10

  • Published: April 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating, and stable outlook, to Municipal Electric Authority of Georgia's (MEAG) series 2010 combined cycle project (CC project) revenue bonds. At the same time, Standard & Poor's affirmed its 'A' long-term rating, with a stable outlook, on MEAG's series 2003A CC project bonds and its combustion turbine project (CT project) revenue bonds, series 2002A and 2002B. We understand that proceeds of the series 2010 bonds will be used to refund the series 2002A&B and series 2003A bonds. Total debt outstanding after the issuance of the bonds will be about $340 million. The rating reflects our view of MEAG's following strengths: Take-or-pay contracts with the 35 participants that extend 50 years or...

Companies mentioned in this report are: Municipal Elec Auth of Georgia
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Municipal Elec Auth of Georgia

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