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Welcome to American Municipal Power, Inc.’s (AMP) investor relations website. Investment in bonds issued by AMP allows for beneficial investments in generation and transmission assets for our members.
AMP takes great pride in its relationship with the financial community. In order to succeed in its vision to be public power’s leader in wholesale energy supply and value-added member services, maintaining strong bond ratings is a priority. AMP is committed to being as transparent as possible with the investor community.
I hope you find the information provided here useful as you seek to better understand the credit fundamentals of AMP. Please do not hesitate to contact me with suggestions for how we can be doing better.
Marcy Steckman, Chief Financial Officer
S&P Global Ratings has raised its rating on the Ohio Municipal Electric Generation Agency's Joint Venture 5 (JV5), beneficial interest certificates (BICs) to 'A' from 'A-'.
The outlook is stable. JV5 is managed by American Municipal Power Inc. (AMP).
The upgrade reflects our view of the improved credit strength of the 10 largest project participants, which account for 76% of the project demand (96% after factoring their pledge of a 25% step-up in the event that any project participant defaults on its take-or-pay obligation). In our view, these project participants exhibit credit quality that are in the middle of the medium-investment-grade category