Posts Tagged ‘debt rating’

Fitch revises Whitney’s ratings after Hancock merger

GULFPORT — With the closing of Hancock Holding Company’s (HBHC’s) purchase of Whitney Holding Corp (WTNY) June 4, Fitch Ratings has revised the “Rating Watch” on Whitney Bank (previously Whitney National Bank) to “positive” from “evolving.” Concurrent with this action, Fitch has withdrawn the ratings of Whitney Holding Corporation following the closing of the transaction […] [...]

Fitch gives Memorial Hospital bonds an ‘A’

by For the MBJ Published: April 17,2011

Tags: bonds, debt rating, healthcare, hospitals, municipal government

GULFPORT — Fitch Ratings has affirmed at “A” two City of Gulfport, Mississippi bonds issued on behalf of Memorial Hospital at Gulfport (MHG). The bonds are $25.3 million hospital revenue refunding & improvement bonds, series 1994A and $59.5 million hospital revenue bonds, series 2001A. Fitch assigned the bonds a rating outlook of “stable.” Fitch wrote: […] [...]

Fitch gives SMEPA bonds ‘A-’ and ‘stable’ outlook

by Wally Northway Published: September 30,2010

Tags: bonds, debt rating, energy, utilities

HATTIESBURG — Fitch Ratings has assigned an initial rating of “A-” to the following South Mississippi Electric Power Association (SMEPA) outstanding bonds:–$40 million Mississippi Business Finance Corporation Gulf Opportunity Zone bonds, series 2009A; –$22.645 million Claiborne County, MS pollution control bonds, 1985 series G1 and G2. In addition, Fitch also assigns an implied rating of […] [...]

Fitch’s outlook for Southern Co. is ‘negative’

by Wally Northway Published: September 15,2010

Tags: debt, debt rating, electricity, energy, power plants, utilities

ATLANTA — Fitch Rating has assigned a rating of “A” to the $400 million senior unsecured notes issued by the Southern Company (Southern). The new notes will mature Sept. 15, 2015. The proceeds of the notes will be used for the proposed redemption of all or a portion of $250 million of 5.75 percent senior […] [...]

Mississippi Power downgraded due to IGCC plant

by Wally Northway Published: September 7,2010

Tags: debt, debt rating, electricity, energy, utilities

GULFPORT — Fitch has taken various actions on the ratings of Southern Co., Mississippi Power Company (MPC) and Southern’s subsidiaries, including affirming the issuer default ratings (IDRs) and debt ratings of Southern and revising the outlook to “negative” from “stable.” Approximately $18.1 billion of long-term debt is affected by these rating actions. In addition, Fitch […] [...]

Fitch withdraws city’s rating coverage

by Wally Northway Published: March 18,2010

Tags: debt rating, Fitch, municipal government, stocks and bond

PEARL — As part of its continuous surveillance efforts, Fitch Ratings withdraws its ‘BBB-’ rating on the city of Pearl, Mississippi’s (the city) $1.355 million in outstanding tax increment limited obligation refunding and improvement bonds (Airport Metroplex Project), series 2002. Fitch said it made the move “due to lack of ongoing disclosure.” Fitch said it […] [...]

Entergy gives updated outlook

by Wally Northway Published: November 2,2009

Tags: debt rating, earnings guidance, energy, publicly traded company, utility

NEW ORLEANS — Entergy Corporation has issued 2010 earnings guidance assuming a business as usual operation for the full year as well as post-spin financial outlooks for Entergy and Enexus Energy Corporation. In addition, Entergy outlined its preliminary three-year capital expenditure plan for the period 2010 through 2012. J. Wayne Leonard, Entergy’s chairman and CEO, […] [...]

Fitch rates EastGroup Properties

by Wally Northway Published: October 29,2009

Tags: debt rating, publicly traded company, real estate

JACKSON — Fitch Ratings has affirmed EastGroup Properties Inc.’s (EGP’s) ratings as follows: • Issuer Default Rating (IDR) at “BBB” • Unsecured lines of credit at “BBB” • Preferred stock (indicative) at “BBB-’” The Rating Outlook is “stable.” Fitch wrote: “The affirmations center on the strength of EGP’s credit metrics as illustrated by solid debt […] [...]

Fitch rates state bonds ‘AA’

by Wally Northway Published: October 16,2009

Tags: bonds, debt rating, state government

JACKSON — Fitch Ratings has assigned “AA” ratings to the following State of Mississippi (the state) general obligation (GO) bonds: $340.375-million taxable GO bonds, series 2009D; $120-million taxable GO bonds, series 2009E; $64.145-million GO refunding bonds, series 2009F; and, $98.3-million GO Build America Bonds, series 2009G (Direct Payment – Federally Taxable). Additionally, Fitch has affirmed […] [...]

Fitch removes negative watch from bonds

by Wally Northway Published: October 2,2009

Tags: bonds, debt rating, healthcare, Modern Healthcare

JACKSON — Fitch Ratings has affirmed 20 classes of senior bonds, removed the rating watch of “negative” and affirmed seven classes of subordinate bonds issued by Mississippi Higher Education Assistance Corporation (MHEAC) 1999 Trust. The rating outlook remains “stable” for the senior bonds. The actions are based on the improving credit profile of the trust […] [...]

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