S&P downgrades JEA water and sewer bonds

//S&P downgrades JEA water and sewer bonds

S&P downgrades JEA water and sewer bonds

Standard & Poor’s Global Ratings downgraded its ratings of JEA’s water and sewer bonds late last week, citing “uncertainty surrounding transparency and independence of both senior management and the board of directors. The rating on JEA’s $1.15 billion senior-lien water and sewer revenue bonds was dropped to AA+ from AAA and the rating on its $224 million in subordinate revenue bonds fell to AA from AA+. The rating agency’s outlook on all JEA bonds is “developing,” it said in its…

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By | 2020-02-24T19:40:03+00:00 February 24th, 2020|Economics|

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