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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
  • Region: Georgia
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' rating to Municipal Electric Authority of Georgia (MEAG) power revenue bonds, taxable series four; and general power revenue bonds taxable series 2012A. At the same time, Standard & Poor's assigned its 'A' rating to MEAG's project 1 subordinated bonds taxable series 2012A and general resolution projects subordinated bonds taxable series 2012A. Standard & Poor's also affirmed its 'A+' rating on the authority's parity senior debt, and its 'A' rating on the authority's subordinate-lien debt, and the 'A' rating on debt associated with the combined cycle generating unit. In addition, Standard & Poor's lowered its short-term rating on the authority's general resolution project subordinate bonds series 1985B to 'A-1' from 'A-1+' to...

Companies mentioned in this report are:
- Municipal Elec Auth of Georgia
- Dexia Credit Local

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

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- Municipal Elec Auth of Georgia
- Dexia Credit Local

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