S&P Negative on Seminole Electric; Cites Cash Concerns

Sigo, Shelly
October 2003
Bond Buyer;10/10/2003, Vol. 346 Issue 31738, p3
Trade Publication
Reports on the revision of Standard � Poor's Ratings Services outlook to negative on the issuer credit rating of the Tampa-based Seminole Electric Cooperative in Florida. Reason for the change in outlook; Total amount of Seminole's 2002 operating revenues; Statement of Jodi Hecht in her review of the credit; Development of tactical initiatives by the cooperative to address the rating of agency's concerns; Discussion of the updated long-term financial forecast with Seminole's board of trustees; Credit concern in the ability to manage divergent members' needs in the implementation of strategic decisions .


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