Posts Tagged ‘Moody’s’

December 12th Digital Edition

Click to view the December 12th Digital Edition of the Mississippi Business Journal. [...]

Moody’s cites weak debt coverage in Jackson’s utilities bond downgrade, negative outlook

by Published: December 3,2014

Tags: JACKSON, Mississippi, Moody's, NEWS, water

In a move Jackson city officials say they expected, Moody’s Investors Services downgraded $239 million of the City’s outstanding water and sewage system revenue bonds from A1 to A2. Moody’s cited the financial position of the water and sewer enterprise fund in fiscal 2013, specifically weak debt service coverage in FY 2013, as the key […] [...]

BREAKING NEWS: Second agency cuts Mississippi Power Co.’s credit rating

JACKSON — Another credit rating agency has downgraded its view of Mississippi Power Co. Two of the three major agencies have now cut ratings after the Mississippi Public Service Commission denied Mississippi Power a rate increase to pay off debt during construction of its $2.8 billion Kemper County power plant. Moody’s Investors Service cut its […] [...]

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