This week S&P Global Ratings (Standard & Poor’s) and Moody’s have reaffirmed our strong credit ratings – a testament to our dedication to maintaining good financial health. This benefits our customers because our favorable “credit score” allows us to keep borrowing costs low.
Our rating with Moody’s is Aa2 stable and S&P Global Ratings reaffirmed our rating of AA+.
This signals confidence from our rating agencies that we have the strategy, tools and leadership in place to ensure financial strength.
These ratings are the result of fiscal responsibility while delivering operational excellence. We control costs by making wise business decisions. The utility’s financial plan, commitment to financial discipline and metrics were major factors in the ratings.
Moody’s also noted our consistent record of timely cost recovery for the essential utility services, competitive rates and charges, demonstrated ability to manage significant capital projects, and a stable and moderately growing regional economy.
Maintaining our above-average ratings through a pandemic and significant events like the February winter storm that sent natural gas prices soaring nationwide, is a great testimony to the diligence that our employees place on the financial health of the organization.