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Moody's affirms A3 rating for KPUD


December 26, 2018

Moody’s Investors Service (“Moody’s”) Thursday affirmed the A3 rating on Klickitat County Public Utility (KPUD) District 1 (“Klickitat” or “district”) $131 million of rated outstanding revenue bonds and assigned a stable outlook.

KPUD General Manager Jim Smith says the affirmation is a good sign. “Klickitat PUD is very happy with Moody's decision to affirm our A3 rating and the associated ‘stable’ outlook,” he states. “I think that this shows the direction we have been taking with the utility to maximizing the value of our assets is sound business practice. Our next step is to deliver the value to our customers in the coming year.”

Rating rationale

In its annou...

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