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.”
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.
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.
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.
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.
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.
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.