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Summary: Municipal Electric Authority of Georgia; Joint Criteria; Wholesale Electric Dec 11 Product Image

Summary: Municipal Electric Authority of Georgia; Joint Criteria; Wholesale Electric Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' rating to Municipal Electric Authority of Georgia (MEAG) Project One taxable series three senior bonds and general resolution project taxable 2011A series senior bonds, and its 'A' long-term rating to MEAG's Project One taxable series 2011D subordinated bonds and general resolution project taxable series 2011D subordinated bonds. At the same time, Standard & Poor's affirmed its 'A+' rating on the authority's parity senior debt, its 'A' rating on the subordinate-lien debt, and its 'A' rating on debt associated with the combined cycle generating unit. The outlook is stable. With this debt, MEAG will have $6.4 billion of debt outstanding. We understand the authority will use proceeds to fund capital investments in...

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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