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Grant PUD bond rating upgraded amid strong finances, financial outlook

 


Grant PUD’s credit rating just increased, somewhat easing an area of concern fanned during last fall’s election season.

The utility’s debt had become a political issue during last year’s campaigns for PUD commissioner spots, with those winning having been critical of the level of debt carried and others saying it was appropriate, sustainable and better than drastically raising rates.

S&P Global Ratings last month upgraded from AA to AA+ the credit rating of Grant PUD’s electric system, citing strong, sustained finances and risk management.

“The rating action reflects our view of...



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