NEW YORK--(BUSINESS WIRE)--Fitch Ratings downgrades the short-term rating to 'F1' from 'F1+' assigned to the $78,700,000 electric system commercial paper notes, series C (notes) of JEA (FL). A maximum of $78,700,000 aggregate principal amount of authorized notes may be outstanding at any given time. The rating action is in connection with Fitch's determination that the credit of JPMorgan Chase Bank, N.A. (JPMorgan;, rated 'A+/F1', Stable Outlook), provider of the Credit Agreement supporting the notes, is the primary source of security for holders of the notes and that the relevant rating guidelines are 'Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with...
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