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Summary: JEA, Florida; CP; Joint Criteria; Retail Electric Jan 12

  • ID: 2040774
  • January 2012
  • Region: Florida
  • Standard & Poors

Abstract
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. Proceeds from the new issues will refund a portion of bonds outstanding as...

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 READ MORE >

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JEA

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