Entergy Arkansas is in the market with a $124.1 million deal lead managed by Morgan Stanley.

In its presale report on the offering, Fitch Ratings said that the recovery bonds are mainly backed by storm recovery property, which represents the right to collect a tariff or storm recovery charge from Entergy Arkansas' retail electric customers. Fitch rated the deal triple-A.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.