Fitch Affirms M.U.D.’s Gas Revenue Bonds at ‘AA+’

Fitch Ratings affirmed Metropolitan Utilities District’s gas system revenue bonds, issued in 2022 and 2023, at ‘AA+’ and said the rating outlook is stable. This reflects the second highest rating issued by the agency.

A higher rating makes it less expensive and easier for the District to borrow money, increases investor confidence and enhances its financial reputation. This ties directly to the District’s core principle to always demonstrate fiscal responsibility.

The Fitch press release noted that the ‘AA+’ rating reflects the District’s continued strong financial performance, demonstrated by healthy operating margins, consistently low leverage and robust liquidity position. The full press release is available here.

The District appreciates the ongoing support of its board of directors and 900-plus employees to maintain a strong financial position. This allows the customer-owned utility to carry out its mission to enhance quality of life by delivering safe, reliable and cost-effective natural gas and water, essential for today and future generations.