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Credit ratings

This page provides a summary of the most recent rating reports received by the Snohomish County Public Utility District No. 1, a table referencing the most recent ratings for all systems and related documents available for review.  Reports are listed by system.

Ratings matrix

PUD System: Moody’s Investors Service Standard & Poor’s Fitch Ratings Latest Bond Series Rated:
Electric Aa2, Stable AA, Stable AA-, Stable Revenue Bonds, Series 2022A
Generation Aa2, Stable AA, Stable AA-, Stable Revenue Bonds, Series 2020A
Water Aa2, No Outlook AA, Stable N/A Revenue Refunding Bonds, Series 2023A

 

Electric and Generation Systems combined

Moody’s Investor Services – 2024 Ratings Update Moody’s Investor Services – 2024 Ratings Update August 16, 2024 – Moody’s Investors Service affirmed its Aa2 stable rating on Snohomish County Public Utility District No. 1’s electric system and generation system bonds. The outlook is stable.
Standard & Poor’s Rating Update – 2024 Ratings Update > Standard & Poor’s Rating Update – 2024 Ratings Update > January 10, 2024 - S&P Global Ratings' long-term rating on Snohomish County Public Utility District No. 1 (SnoPUD), Wash.'s electric system and generation system bonds outstanding is 'AA'. The outlook is stable.

Water System

Moody’s Investor Services – Water 2023 > Moody’s Investor Services – Water 2023 > September 20, 2023 – Moody’s Investors Service assigned a Aa2 rating to Snohomish County Public Utility District No. 1, Washington Water Enterprise’s Water System Revenue Bonds, Series 2023.
Standard & Poor’s Rating Services – Water 2023 > Standard & Poor’s Rating Services – Water 2023 > September 20, 2023 – S&P Global Ratings assigned its “AA” long-term rating to Snohomish County Public Utility District No. 1, Wash.’s water system revenue bonds. The rating reflects the district’s strong economic base and solid financial metrics. The outlook is stable.
Disclaimer:

The documents in our website are limited in scope. The documents do not constitute an offer to sell or a solicitation of an offer to buy the PUD’s bonds. Each document listed in the Finance & Investor Relations section is dated and speaks only as of that date. The PUD does not undertake to update, and expressly disclaims any duty to update, any document.

If and when included in these documents, the words “plan,” “expect,” “forecast,” “estimate,” “budget,” “project,” “intends,” “anticipates” and similar words are intended to identify forward-looking statements, and any such statements inherently are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, among others, general economic and business conditions, changes in political, social and economic conditions, regulatory initiatives and compliance with governmental regulations, litigation and various other events, conditions and circumstances, many of which are beyond the control of the PUD. Any forward-looking statements speak only as of the date they were prepared.

By clicking on the links above, you acknowledge that the documents are limited in scope; are not an offer to sell; are each dated as of a certain date and speaks only as of that date; and have not been updated since that date; and that as a result, the documents may not contain all information material to investors and may contain material misstatements or omissions because of the passage of time or the occurrence of subsequent events.