|Bid||53.93 x 800|
|Ask||56.70 x 800|
|Day's Range||54.83 - 55.96|
|52 Week Range||27.53 - 58.70|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||39.08|
|Forward Dividend & Yield||1.61 (2.92%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") today assigned a Baa3 rating to Big Rivers Electric Corporation's (Big Rivers) $83.3 million senior secured 10-year term loan agreement with National Rural Utilities Cooperative Finance Corporation (CFC), due 2030. Big Rivers is using proceeds from the term loan to repay the $83.3 million previously borrowed under its $150 million syndicated senior secured bank revolver led by CFC to repay in full its 6.0% $83.3 million of County of Ohio, Kentucky Pollution Control Refunding Revenue Bonds (Big Rivers Electric Corporation Project), due 2031 when that issue initially became callable in July 2020. "The rating action reflects Moody's views about Big Rivers' significant progress in securing replacement loads to create better balance between its available capacity and load profile, obtaining Kentucky Public Service Commission (KPSC) approval for rate-neutral recovery of costs associated with its sizable regulatory assets and executing strategies to reduce interest expense and mitigate refinancing risk relating to the above mentioned pollution control bonds and another bullet maturity due in 2023," said Vice-President-Senior Analyst, Kevin Rose.
Fixing aging bridges and tunnels may be one thing on which bipartisan cooperation can happen
A rebound across major end-markets from the virus-led slump and rising steel prices augur well for the U.S. steel industry.