Posts Tagged ‘debt rating’

Fitch makes rating decisions on three banks

GULFPORT and JACKSON — Fitch Ratings has made rating decisions on three banks. Fitch upgraded Whitney Bank’s long-term issuer default rating (IDR) to “BBB+” in the wake of the company’s June 2011 acquisition by Hancock Holding Company (HBHC). Additionally, Fitch has assigned initial long- and short-term IDRs to Hancock Holding and Hancock Bank of “BBB+/F2.” […] [...]

Fitch rates airport bonds ‘A-’ despite drop in traffic

by Published: July 14,2011

Tags: air travel, airports, bonds, debt rating, transportation, travel

JACKSON — Fitch Ratings affirms Jackson Municipal Airport Authority’s outstanding $43.5-million airport revenue and refunding bonds at “A-.” The rating outlook remains “stable.” Fitch wrote: “The Jackson MSA is currently experiencing some setbacks from the economic recovery; however, Fitch expects resiliency in traffic levels given the airport’s limited competition from neighboring airports, with the closest […] [...]

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 Concurrent with this action, Fitch has withdrawn the ratings of Whitney Holding Corporation following the closing of the transaction […] [...]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 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 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 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 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

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

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 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 […] [...]

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