PUD maintains ‘A’ credit rating with Fitch

NEWPORT - Fitch Ratings has affirmed Pend Oreille County Public Utility District No. 1’s long-term credit rating at ‘A’ with a Stable Outlook, in a June 18 rating action commentary.

“The district’s operating risk and financial profile assessments might indicate a higher rating, but the rating is constrained to the ‘A’ category based on the continued long power supply position that must be managed over time, and the district’s limited service area characteristics,” Fitch noted in its commentary.