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JEA, FL Electric System Revenue Bonds Rated 'AA'; 'AA-' Feb 01 Product Image

JEA, FL Electric System Revenue Bonds Rated 'AA'; 'AA-' Feb 01

  • Published: February 2001
  • Standard & Poors

FEATURED COMPANIES

Abstract
BOSTON (Standard & Poor's CreditWire) Feb. 7, 2001--Standard & Poor's today assigned its double-'A' rating to JEA, Fla.'s $75 million revenue bonds, series Three 2001A; and $81.78 million revenue bonds, series Three 2001B. Also, Standard & Poor's assigned its double-'A'-minus rating to JEA's $40.25 million subordinate revenue bonds, series 2001A. The bonds are scheduled to sell Feb. 8, 2001. The outlook is stable. In addition, Standard & Poor's affirmed its double-'A' and double-'A'-minus ratings on JEA's outstanding revenue bonds. The ratings reflect: ý-- Management's commitment to rate competitiveness; ý-- Sound operational reliability and competitive electricity production costs; and ý-- Historically sound fixed-charge coverage of total obligations and good liquidity. Strengths are tempered by: ý-- Near-term pressure due to reliance on...

Companies mentioned in this report are:
- JEA

Action: New Rating

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