- Language: English
- 43 Pages
- Published: September 2008
- Region: United States
Summary: JEA, Florida; Water/Sewer Feb 07
- Published: February 2007
- Region: Florida
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating to JEA, Fla.'s senior- and subordinate-lien water and sewer system revenue bonds series 2007A. The rating reflects: JEA's strong management, which has demonstrated the ability to successfully implement a large multiyear capital plan and integrate numerous private utility acquisitions (including United Water Florida Inc.) without diminishing financial position or greatly reducing debt service coverage; The depth and diversity of the Greater Jacksonville service area economy, which has been experiencing strong steady growth and is expected to continue to grow and add customer accounts over the long term; Satisfactory, improving annual debt service coverage by net operating revenues; and An infrastructure that is now largely rebuilt and modernized, with ample capacity for...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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 factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >