Credit rater to downgrade Mississippi Power on Kemper woes

May 22, 2015 7:00 PM

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Credit rater to downgrade Mississippi Power on Kemper woes

The decision by a group of electrical cooperatives to pull out of planned purchase of 15 percent of a Kemper County power plant is likely to mean a credit downgrade for Mississippi Power Co.

Fitch Ratings said Friday that it plans to review the credit rating of the unit of Atlanta-based Southern Co., predicting it will fall at least one notch and maybe two.

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