A product of the Workforce Research and Analysis Division of the Utah Department of Workforce Services
Thursday, March 8, 2012
Fitch Assigns Initial 'A' Rating
Fitch Ratings has assigned an initial 'A' rating to Utah Associated Municipal Power Systems' (UAMPS, or the System) approximately $72.1 million of Payson Power Project refunding revenue bonds, series 2012, to price via negotiation on or about March 14, 2012. (The Payson Project consists of a combined cycle, natural gas-fired, electric generating facility with a nominal generating capacity of 140 MW located in Payson City, Utah.) Proceeds of the bonds will be used to advance refund the System's outstanding 2003 series A and 2007 project revenue bonds for approximately a 10.6% savings of the refunded par. The Rating Outlook is Stable. Wall Street Journal-Market Watch