PUD officials say it shows that the financial decisions made in the past have been the correct ones.
The Grays Harbor Public Utility District is announcing a better long term credit rating. In a press release Tuesday, the PUD said that after reviewing operational and financial metrics, both S&P Global Ratings and Moody’s Ratings moved the PUD up one spot in revenue ratings. Moody’s now lists the PUD rating as Aa3, up from A1, while the S&P rating went from A to A+. PUD officials say it shows that the financial decisions made in the past have been the correct ones.