Moody’s Investors Service reaffirmed its A1 entity or counterparty rating on American Municipal Power, Inc. (AMP) on January 6, 2012. AMP has carried the entity rating from Moody’s since 2006. The counterparty rating is significant in that it is a total entity rating as opposed to a particular bond issue rating. A counterparty rating is relied upon by power supply providers, banks and other financial institutions doing business with AMP. An A1 rating as opposed to an A2 rating could save the organization millions of dollars in the next year in power supply costs as well as credit and financing costs.
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