Mississippi Power’s Credit Rating Decreases

A credit rating agency is cutting its grade for Mississippi Power, saying there remain “elevated risks” of financial, regulatory and construction trouble at the $6.2 Billion Kemper County Power Plant.
Fitch Ratings lowered its credit rating for Mississippi Power by one notch, from an A- to a BBB+ on Friday. The rating agency said its outlook for Mississippi Power is still negative, raising the risk of a second downgrade later.
Fitch also issued a negative outlook for parent company, Southern Company.
The action came after the South Mississippi Electric Power Association pulled out of a planned $600 million purchase of a share of the Kemper Plant.

Categories: Local News, News

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