- Language: English
- 43 Pages
- Published: December 2010
- Region: North America, United States
JEA, FL's 2010 Series B, E, F, And G Bonds Rated 'AA-' Oct 10
- Published: October 2010
- Standard & Poors
NEW YORK (Standard & Poor's) Oct. 15, 2010--Standard & Poor's Ratings Services assigned its 'AA-' rating to JEA, Fla.'s senior water and sewer system revenue 2010 series E, F, and G bonds and 2010 series B subordinated revenue bonds. The outlook is stable. "The rating reflects our view of JEA's strong management, which has demonstrated the ability to successfully implement a large multiyear capital improvement plan and integrate numerous private utility acquisitions (including United Water Florida Inc.) without diminishing JEA's financial position or greatly reducing debt service coverage," said Standard & Poor's credit analyst John Sugden-Castillo. The 2010 series E bonds are being issued to refund certain of JEA's water and sewer bonds for net present value savings. JEA is...
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Action: New Rating
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