Grays Harbor PUD Finance Director Kathryn Skolrood has reported to the PUD Board of Commissioners that the PUD’s Fitch Credit Rating Report has resulted in a credit rating upgrade for the utility, from A to A+. Skolrood reported that the PUD’s Operating Risk and Financial Profile were actually at a AA rating, but that many areas related to Revenue Defensibility and out of PUD control (customer growth, business closures, and above average rates when compared to median household income) were the only things keeping the utility from being upgraded further to an AA rating. Skolrood thanked all utility staff for working together to put the PUD in a strong financial position.
