Moody’s affirms Great River Energy’s credit rating, positive outlook

Moody’s Investors Service upheld its Baa1 credit rating and positive outlook of Great River Energy in its recent analysis of the cooperative.

Moody’s looks favorably on the electric cooperative’s long-term wholesale power contracts with member-owner cooperatives, rate autonomy and stable rate projection. A year ago, Moody’s changed its outlook of Great River Energy from stable to positive, and the 2019 report highlights many of the same attributes that led to that welcome result.

“Strong credit ratings help Great River Energy keep costs competitive for members by providing us broader access to capital at attractive rates,” said Tim Faulkner, treasury service manager at Great River Energy.