JEA, FL Senior-Lien Bonds Series Three 2012A Rated 'AA-'; Subordinate Bonds 2012 Series A Rated 'A+' Jan 12
- Language: English
- Published: January 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. Proceeds from the new issues will refund a portion of bonds outstanding as...
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Action: New Rating
Action: Outlook: Stable
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