JEA, FL Senior-Lien Bonds Series Three 2012A Rated 'AA-'; Subordinate Bonds 2012 Series A Rated 'A+' Jan 12
Standard & Poors, January 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 10, 2012--Standard & Poor's Ratings Services has assigned its 'AA-' rating to JEA, Fla.'s $14.9 million senior-lien electric system revenue bonds, series three 2012A, and its 'A+' rating to JEA's $62.5 million electric system subordinated revenue bonds, 2012 series A bonds. At the same time, Standard & Poor's affirmed its 'AA-' rating on the utility's senior-lien electric system revenue bonds, the St. Johns River Power Park (SJRPP) bonds, and the Bulk Power Supply System (BPSS) bonds. JEA pays debt service on the SJRPP and BPSS bonds as operating expenses. Standard & Poor's also affirmed its 'A+' ratings on the subordinate-lien electric system revenue bonds. The outlook is stable. "In part, the ratings reflect our...
Companies mentioned in this report are:
- JEA
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 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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
JEA
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