Moody’s upgrades PUD’s credit rating

NEWPORT - Moody’s Ratings, a nationally recognized credit rating agency that evaluates the financial strength of organizations such as public utilities, local governments, and other entities, has upgraded Public Utility District No. 1 of Pend Oreille County’s (PUD) Electric and Box Canyon Dam bond ratings from A3 to A2. The stable outlook is an important indicator of the utility’s improved financial strength and long-term planning.

A higher bond rating helps the PUD borrow money at lower interest rates, which can reduce costs for customers over time, and is an important indicator for the PUD’s power trading partners.