The following sentence concludes a federal filing that sets out terms of the agreement among Plant Vogtle’s partners that enables construction to continue: “The ultimate outcome of these matters cannot be determined at this time.”
Tag: Moody’s Investors Service
Posted inLatest News
Junk bond rating issued for parent of SC nuclear plant, impact on Vogtle unclear
The financial fallout continues over the troubled nuclear construction projects in the Southeast, as Moody’s Investors Service on Monday slashed the credit rating of SCANA Corp. and its subsidiary that had been building a nuclear plant in South Carolina. The new rating action cites the hardening political climate in the Palmetto State as detrimental to SCANA’s financial posture.
Posted inColumns
Climate change could end cheap credit for Georgia, local governments, Moody’s reports
Climate change could mark the end of low credit rates for Georgia’s state and local governments if their plans to recover from natural disasters are deemed inadequate by Wall Street analysts, according to a new report by Moody’s Investors Service.
Posted inColumns, David Pendered, Main Slider
DeKalb County’s bond rating unscathed by allegations of government corruption
DeKalb County residents have received some good news from a New York bond rating agency, which looked past allegations of government corruption to see a county that is capable of repaying its debts.
Posted inDavid Pendered, Latest News, Main Slider
Southern Co. likely to see downgrade of credit rating when it buys AGL Resources
Moody’s Investors Service has reduced the credit outlook of Southern Co. from stable to negative as a result of Southern’s decision to purchase AGL Resources. Moody’s affirmed Southern’s current ratings, but expects to reduce ratings if the AGL deal goes through as announced.
Posted inDavid Pendered
Mercedes-Benz cites region’s quality of life in relocation: Moody’s report
It comes as no surprise that Moody’s Investors Service views Mercedes-Benz’s relocation to metro Atlanta as a “credit positive” for Atlanta and Fulton County.
What does stand out in Moody’s report is the set of reasons for the relocation provided by the automotive company’s executives. “Quality of life” ranks on the list of motives to move from New Jersey to metro Atlanta.
Posted inDavid Pendered
Forsyth County: Top credit, $260 million in new road, water projects
Forsyth County is quietly going about its business of building $200 million of road projects, and on Thursday commissioners discussed plans for new interchange at Ga. 400.
To keep this sum in perspective, Atlanta voters on March 15 will have a chance to cast their ballots on a proposed $252 million bond issue to improve transportation and city buildings.
Posted inDavid Pendered
Wall Street reviews Georgia’s new limit on individual income tax rate
While political pundits review Georgia’s elections outcomes, Wall Street analysts have focused on the passage of an amendment to the Georgia Constitution that’s the first of its kind in the nation.
Moody’s Investors Services issued a report Friday that raises a cautionary flag over the amendment that caps Georgia’s individual income tax rate at 6 percent. The limit restricts the state’s ability to raise revenues, if necessary, the report observes.
Posted inDavid Pendered
Moody’s raises warning flag over college application, enrollment trend
The nation’s colleges and universities face a new post-recession challenge in meeting their budgets, according to a report released Thursday by Moody’s Investors Service.
High school students who apply to college are less likely than ever to enroll. That’s because students are applying to a record number of schools and then enrolling where they get the best deal. Schools left in the lurch run the risk of providing too many resources – teachers and classes and such – for the actual student body.
This matters because the entire U.S. higher education sector already is facing tremendous fiscal challenges.
