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KPUD bonds get newly revised Fitch rating to A-, 'Stable' upgrade

 


Fitch Ratings, one of the three nationally recognized statistical ratings firms (along with Moody’s and Standard and Poor’s), this week affirmed the A- rating on the Klickitat County Public Utility District (KPUD) electric revenue bonds. The bonds included $139.2 million electric system revenue and refunding revenue bonds, series 2006A, 2006B, 2009A, 2009B, 2011A and 2011B.

Fitch revised its Rating Outlook to Stable from Negative. The Stable Outlook reflects improved management of the district’s resources, as well as actions taken to mitigate revenue volatility associated with its off-system wholesale power sales.

In its statement, Fitch cited the following points are indicative of...



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