S&P Global Ratings affirmed its ‘A+’ rating with a stable outlook on Benton PUD’s electric revenue bonds. Benton PUD also maintains its Aa3 rating with Moody’s Investor Services, and recent upgrade to AA- rating from Fitch Ratings.
S&P Global Ratings attributed the A+ rating to Benton PUD's strong competitive rates, favorable power supply, solid financial metrics, and strong risk profile which is the result of robust fixed-charge coverage and a low debt-to-capital ratio. They noted that Benton PUD’s rates were less than 90% of the Washington state average. The stable outlook reflects S&P Global Ratings expectation that Benton PUD will maintain financial metrics in the future.
The S&P Global Ratings report on Benton PUD can be viewed on the Benton PUD website at BentonPUD.org.
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