Ken Reasoner, Chief Financial Officer
Missouri Public Utility Alliance
Missouri Public Utility Alliance
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Fitch Ratings - New York - 26 Sep 2023: Fitch Ratings has assigned an 'A' rating to the following bonds issued by the Missouri Joint Municipal Electric Utility Commission d/b/a Missouri Electric Commission (MEC):
--approximately $92.49 million power project revenue refunding bonds (Iatan 2 project) series 2023.
Proceeds from the series 2023 bonds will be used to refund nearly all of the outstanding series 2014A and pay the cost of issuance. Pricing on the bonds is scheduled for the week of September 25, with a closing scheduled for mid-October.
Fitch has also affirmed the following MEC bonds at 'A':
--$117.2 million power project revenue refunding bonds (Iatan 2 project) series 2014A;
--$79.1 million power project revenue refunding bonds (Iatan 2 project) series 2015A.
The Rating Outlook is Stable.
