Comment on Major bond rating agency upgrades JEA debt to its highest rating

Major bond rating agency upgrades JEA debt to its highest rating

One of the nation’s major bond rating agencies on Friday increased its rating on JEA’s highest-priority water and sewer debt to its highest rating. The move by Standard & Poor’s Rating Services marked the first time JEA debt has ever been rated AAA. The move helps the city-owned utility to save money when it borrows in the future or refinances its more than $1.6 billion in debt for its water and sewer system. read more

 

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