Rating Agencies Affirm Their Ratings on SMMPA Bonds

The three major credit rating agencies, Moody's Investor Services, Standard & Poor’s (S&P), and Fitch Ratings, have affirmed their ratings and outlook on the Agency’s debt.   

  • Moody’s: A1, Stable outlook
  • S&P: A+, Stable outlook
  •  Fitch: A+, Stable outlook

In each case, those ratings are the highest single “A” rating available from the various rating agencies. 


The A1 rating by Moody’s reflects “the sound security provisions provided under all requirements, take-and-pay power purchase agreements with credit worthy participants, the weighted average credit quality of the participants in the A rating category, SMMPA's essentiality to municipal electric utilities, and high levels of liquidity,” Moody’s said in its report.


If you would like to read more about what the rating agencies have to say, visit the Financials section of our site.