Fitch Ratings recently upgraded Bryan Texas Utilities’ financial outlook from stable to positive while affirming the AA- rating for both the city and rural electric systems.
The positive outlook underscores Texas public power utility BTU’s strong financial performance despite navigating challenging circumstances like extraordinary costs incurred from Winter Storm Uri.
It also highlights the utility’s commitment to serving a growing customer base with strong rate affordability and the positioning to respond to energy market changes in the Electric Reliability Council of Texas, the utility noted.
“Higher credit ratings and outlooks translate to cost savings for BTU and ultimately its customers,” the utility noted. “With higher ratings, BTU can obtain bonds at the least possible cost, saving a significant percentage in interest over the life of the bonds.”
