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Credit Summary

Lakeland (FL) [Electric]

EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance
1
2
3
4
5

01Ratings

RatingActionDateType
aaReview - No Action30-Jul-2024Standalone Credit Profile
WDWithdrawn17-Apr-2020Long Term Issuer Default Rating
Key Rating Factors
Revenue Defensibility a
Operating Risk aa
Financial Profile aa
Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red

Rating History

Date :30-Jul-202421-Aug-202316-Nov-202224-Nov-202105-Apr-202107-May-202017-Apr-2020
Rating :aaaaaaaaaaaaaa
Action :Review - No ActionAffirmedReview - No ActionAffirmedAffirmedReview - No ActionNew Rating

02Rating Actions

03Insights

04Securities and Obligations

Ratings
Rated Entity / Debt  
Ratings  
Entity Details  
Identifiers  
Other Details  
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2010
Series: 2010
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FCH0 (Public)
Maturity Date: 01-Oct-2028
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2010
Series: 2010
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FCF4 (Public)
Maturity Date: 01-Oct-2026
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2010
Series: 2010
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FCG2 (Public)
Maturity Date: 01-Oct-2027
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2010
Series: 2010
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FCJ6 (Public)
Maturity Date: 01-Oct-2029
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2010
Series: 2010
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FCE7 (Public)
Maturity Date: 01-Oct-2025
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2010
Series: 2010
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FCK3 (Public)
Maturity Date: 01-Oct-2036
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2016
Series: 2016
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FEB1 (Public)
Maturity Date: 01-Oct-2030
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2016
Series: 2016
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FED7 (Public)
Maturity Date: 01-Oct-2032
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2016
Series: 2016
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FDY2 (Public)
Maturity Date: 01-Oct-2027
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
Security: Lakeland (FL) / Electric System Revenues
Issuer: Lakeland (FL)
Bond: energy sys rev & rfdg bonds ser 2016
Series: 2016
30-Jul-2024
AA
Review - No Action
Long Term Rating

30-Jul-2024
AA
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: Utilities and Power; US Public Finance
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 51166FEH8 (Public)
Maturity Date: 01-Oct-2036
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA
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05Disclosures

Endorsement Status
EU Endorsed, UK Endorsed
Country of ֳ Office
United States
Solicitation Status
Long Term RatingSolicited - Sell Side
Unenhanced Long Term RatingSolicited - Sell Side

06Criteria

27Apr
2023
Expired Criteria
Public Sector, Revenue-Supported Entities Rating Criteria — Effective from April 27, 2023 to January 12, 2024
03Mar
2023
Expired Criteria
U.S. Public Power Rating Criteria - Effective from March 3, 2023 to March 8, 2024
01Sep
2021
Expired Criteria
Public Sector, Revenue-Supported Entities Rating Criteria – Effective from September 1, 2021 to April 27, 2023
09Apr
2021
Expired Criteria
U.S. Public Power Rating Criteria - Effective from April 9, 2021–March 3, 2023
23Feb
2021
Expired Criteria
Public Sector, Revenue-Supported Entities Rating Criteria - Effective from February 23, 2021 to September 1, 2021
More Criteria

07Analysts

Khafre Newton
Primary Rating Analyst

Andrew DeStefano
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5
Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4
Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3
Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2
Irrelevant to the entity rating but relevant to the sector.
1
Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red