Internationally recognized S&P Global Ratings recently issued a report evaluating GEUS’ creditworthiness by affirming the local utility’s A+ rating with a stable outlook.
S&P cited several factors in maintaining this high rating including GEUS’ robust financial management policies and practices including board-approved financial metric targets plus formal 10-year financial capital plans.
Other contributing factors included Greenville’s stable economy and GEUS electric rates that are just below the state average. Moody’s Investor Service also affirmed GEUS’ A2 rating and stable outlook.
Moody’s cited GEUS’ new management team’s focus on multi-year planning and budgeting.
“GEUS is pleased that the rating agencies recognize the GEUS board and management’s commitment to the strong financial management of the utility resulting in improved service to our community,” said GEUS General Manager Alicia Price.