Fitch Revises National Rural Util Coop Fin Corp Guaranteed Bonds to 'A'; Outlook Stable
--\\$5.5 million Pulaski County, KY solid waste disposal revenue bonds (East Kentucky Power Cooperative, Inc. Project), pooled series 1993B;
--\\$99.4 million York County, pollution control revenue refunding bonds (North Carolina Electric Membership Corporation project), series 2000B;
--\\$112.045 million Industrial Development Board of the Town of Chatom, gulf opportunity zone bonds (PowerSouth Energy Cooperative projects), series 2008A;
--\\$77.2 million Atascosa County Industrial Development Corporation variable rate pollution control refunding revenue bonds (San Miguel Electric Cooperative, Inc. Project), series 2008;
--\\$4.445 million Claiborne County, MS (South Mississippi Electric Power Association project) pollution control revenue bonds, pooled series 1985G.
The Rating Outlook is Stable.
RATING SENSITIVITIES
CHANGE IN OBLIGOR OR GUARANTOR RATINGS: The ratings on the National Rural Utilities Cooperative Finance Corp. guaranteed bonds will continue to be driven by the higher of the rating of NRUCFC and the underlying obligor. Any change in the higher of the two ratings will result in a corresponding rating change on the guaranteed bonds.
For more information, please see the following related research:
--'Fitch Rates National Rural Utilities Cooperative Finance Corp 'A'; Outlook Stable' (May 21, 2015);
--'Fitch Affirms East Kentucky Cooperative's Rev Bonds at 'BBB+'; Outlook Revised to Positive' (Oct. 23, 2014);
--'Fitch Affirms North Carolina Electric membership Corp's Sr Secured Bds at 'A-'; Outlook to Positive' (Nov. 25, 2014);
--'Fitch Affirms PowerSouth Energy Cooperative's Revs at 'A-'; Outlook Stable' (Sept. 23, 2014);
--'Fitch Affirms San Miguel Electric Coop, TX's Sr Secured Obligations at 'A-'; Outlook Stable' (Jan. 22, 2014);
--'Fitch Affirms South Mississippi Electric Power Assoc. Bonds at 'A-'; Outlook Stable' (Aug. 27, 2014).
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