NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the short-term rating on the Orlando Utilities Commission (OUC) $98.36 million utility system revenue bonds series 2011A at 'F1+'. The long-term rating on the series 2011A bonds is 'AA', and the Outlook is Stable. SECURITY The bonds are secured by net revenues of the combined electric and water system. KEY RATING DRIVERS STRONG UNDERLYING FUNDAMENTALS: The electric and water utility's 'AA' rating reflects solid financial metrics, competitive
Reported by Business Wire 19 hours ago.
↧