Reiko A. Kerr, Senior Vice President, Finance and Administration, and Chief Financial Officer
MEAG Power
MEAG Power
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New York, November 06, 2020 -- Moody's Investors Service, ("Moody's"), has assigned an A1 rating to the Municipal Electric Authority of Georgia's (MEAG) planned issuance of approximately $84.9 million of Combined Cycle Project Revenue Bonds, Series 2020A. The rating outlook is stable.
The bonds are expected to be issued during November 2020; the amount of bonds issued could change subject to market conditions. The Series 2020A bonds will pari passu with about $107 million of MEAG Combined Cycle Revenue bonds outstanding at October 30, 2020, also rated A1.
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