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.
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S&P Global Ratings report is available for your review.