Financial Ratings for Benton PUD Improve

Fitch Ratings noted that the upgrade to ‘A’ reflects a solid financial performance and, a demonstrated trend by the district of successfully managing its surplus power position. Additional credit strengths include the district’s moderate growth, sufficient power supply resources to meet growth, and a modest capital plan with no new debt issuance planned over the next five years.

“Benton PUD’s four consecutive rate decreases, combined with successful management of power costs and a significant reduction of outstanding debt, has made an impact with the rating agencies - as well as our customers,” said Jeff Hall, Benton PUD Commissioner. “We are very pleased with these upgrades.”

Ratings are used as a guide to investors to show the strength of an organization based on the financial stability and business environment of the utility.