Tri-State receives upgraded credit rating

Tri-State Generation and Transmission Association’s credit rating has been upgraded by Moody’s Investors Service, benefiting from what the rating agency reports is a "stable outlook, sound financial profile and ample liquidity resources." The association’s financial ratings were raised from Baa1 to A3.

"Tri-State’s Board of Directors has shown a strong commitment to protect its member cooperatives from the risks in the marketplace while placing the association in a good financial position," said Ken Anderson, executive vice president and general manager of Tri-State. "This is reflected in the upgrade from Moody’s."

"Today’s rating action reflects Moody’s view that Tri-State's future rate setting plans and long-term financial objectives will allow the cooperative to maintain key financial metrics on a level consistent with the higher rating," stated the Moody’s report.

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