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 assigned its 'A+' rating, and stable outlook, to JEA, Fla.'s series 2008A subordinate-lien electric system revenue bonds. At the same time, Standard & Poor's affirmed the 'A+' standard long-term ratings and Standard & Poor's underlying ratings (SPUR) on JEA's outstanding parity obligations. In addition, Standard & Poor's affirmed its 'AA-' long-term rating and SPUR on JEA's senior-lien debt, and on the bonds issued on behalf of the St. Johns River Power Park (SJRPP). JEA's general credit characteristics include: A low-cost and diversified fuel mix for all of JEA's generating facilities, including coal, petroleum coke (petcoke), oil, and gas; Rates across all customer classes that are among the lowest in the region and below the state...
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