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Fitch Rates MEAG Power GA's CombinedCycle Project Rev Bonds 'BBB+'; Outlook Positive

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November 6, 2020

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The following is a Fitch news release:


Fitch Ratings has assigned a 'BBB+' rating to the following bonds issued by the Municipal Electric Authority of Georgia (MEAG Power):
-- Approximately $95 million combined cycle revenue bonds, series 2020A.
Bond proceeds will be used to refinance existing debt and interim borrowings and pay costs of issuance. Bonds are expected toprice the week of Nov. 16, 2020 via negotiated sale.

Fitch also affirms the 'BBB+' rating on the following outstanding bonds:
--$86.3 million combined cycle revenue bonds, series 2010A (amount pre-refunding);
--$36.3 million combined cycle revenue bonds, series 2012A.

The Rating Outlook has been revised to Positive from Stable.

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