Fitch affirms Tri-State’s ‘A’ rating and stable outlook

Fitch Ratings recently affirmed Tri-State’s debt ratings at an ‘A’ and listed the association’s rating outlook as stable.

Key drivers in the rating included a broad, diversified service area, members’ all-requirements contracts, adequate financial performance and members’ stable financial performance.

Other drivers are rising wholesale rates, sizeable capital program and Tri-State’s large coal-fired exposure.

“We are pleased that Fitch has affirmed our ‘A’ rating with a stable outlook at this time where we have large capital expenditures related to environmental compliance requirements on our generation fleet,” said Caroline White, Tri-State’s senior manager of corporate finance.

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