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JEA, Florida; Retail Electric Jan 07

  • ID: 2042658
  • January 2007
  • Region: Florida
  • Standard & Poors
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JEA, Fla.'s electric system variable-rate senior-lien revenue and refunding bonds series 2007A have been rated 'AA-'. The bonds are expected to be insured, and remarketing risks are expected to be addressed by inclusion of an SBPA before closing. In conjunction with issuance of debt for the St. Johns River Power Park (SJRPP) earlier this week, Standard & Poor's Ratings Services affirmed the ratings on all of JEA's obligations. The affirmations included outstanding parity senior-lien electric system debt (AA-), SJRPP debt (which as an operating expense of JEA is rated on a par with the senior-lien debt at 'AA-'), and junior-lien electric system debt (A+). At the time of the affirmations, Standard & Poor's revised its outlook on all of JEA's...

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Action: New Rating

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Research Type: Full Analysis

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