S&P trims Tri-State Generation

S&P said it trimmed Tri-State Generation and Transmission Association Inc.’s secured debt to BBB+ from A-.

“We lowered the ratings to reflect the credit exposures we associate with a Feb. 26, 2021, regulatory filing to the Federal Energy Regulatory Commission made by seven of Tri-State's 42-member distribution cooperatives that Tri-State disclosed in its 10-K for fiscal 2020,” said David Bodek, an S&P Global Ratings credit analyst, in a press release.

The outlook is stable.

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