Posted in Bonds, Rates   July 19, 2019

Benton PUD Bond Rating Affirmed at A+ by S&P Global Ratings

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 is available for your review.