Grays Harbor Public Utility District Announcing Better Long Term Credit Rating

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.

More from LOCAL NEWS with ERIC SHARP