The following is a Moody's investor service news release:
New York, June 21, 2021 -- Moody's Investors Service has assigned a Baa1 rating to the Municipal Electric Authority of Georgia's (MEAG Power) planned issuance of approximately $135 million of Plant Vogtle Units 3&4 Project J Bonds, Series 2021A. The bonds are expected to be issued in July 2021, but the actual amount of issuance could change subject to market conditions. The Series 2021A bonds will rank pari passu with about $1.95 billion of MEAG Power's other Project J revenue bonds which are also rated Baa1 and about $672 million of DOE Guaranteed Loans outstanding at May 31, 2021. The outlook is positive.
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