National agencies Moody’s and Standard & Poor's recently gave the Lansing Board of Water and Light (BWL) outstanding bond ratings.
Standard & Poor’s held the BWL’s rating at AA- while Moody’s affirmed the BWL’s 
previous Aa3 rating.
“These bond ratings confirm that the BWL remains a financially strong utility company,” says BWL General Manager, Peter Lark. “We are very pleased that these new bond ratings reflect the company’s hard work to control costs and adequately address debt service.”
Standard & Poor’s gave the BWL an AA- rating based on its solid financial metrics, strong fixed-cost coverage and good liquidity.
Moody’s cited the utility’s solid debt service coverage and competitive rates when giving the BWL a high ranking of Aa3.
Source: Mark Nixon, Lansing Board of Water and Light
Ivy Hughes, development news editor, can be reached here.
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