Summary: East Kentucky Power Cooperative; Rural Electric Coop - S&P Global Ratings’ Credit Research

Summary: East Kentucky Power Cooperative; Rural Electric Coop

Summary: East Kentucky Power Cooperative; Rural Electric Coop - S&P Global Ratings’ Credit Research
Summary: East Kentucky Power Cooperative; Rural Electric Coop
Published Jul 26, 2023
5 pages (2220 words) — Published Jul 26, 2023
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings affirmed its 'A' issuer credit rating on East Kentucky Power Cooperative Inc. (EKPC). The outlook is stable. The ICR reflects our view of EKPC's overall creditworthiness and its capacity and willingness to meet financial commitments in full as they come due. It does not apply to any specific financial obligations. Our assessment of the issuer's creditworthiness considers existing and projected debt balances. Long-term debt is secured by property pledged under the cooperative's master mortgage indenture. The cooperative reported $2.7 billion of long-term debt as of Dec. 31. 2022. The rating reflects favorable regulatory support of this rate-regulated generation and transmission (G&T) cooperative electric utility. Regulatory support includes a formulaic monthly fuel adjustment clause and an environmental remediation

  
Brief Excerpt:

...S&P Global Ratings affirmed its 'A' issuer credit rating on East Kentucky Power Cooperative Inc. (EKPC). The outlook is stable....

  
Report Type:

Summary

Issuer
East Kentucky Power Cooperative
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: East Kentucky Power Cooperative; Rural Electric Coop" Jul 26, 2023. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Kentucky-Power-Cooperative-Rural-Electric-Coop-3025485>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: East Kentucky Power Cooperative; Rural Electric Coop Jul 26, 2023. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Kentucky-Power-Cooperative-Rural-Electric-Coop-3025485>
  
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