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JEA, Florida; Retail Electric Feb 08 Product Image

JEA, Florida; Retail Electric Feb 08

  • Published: February 2008
  • Region: Florida
  • Standard & Poors

Abstract
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...

Companies mentioned in this report are:
- JEA

Action: New Rating

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 READ MORE >

JEA

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