We are thrilled to announce that for the first time in 20 years BELD has received an upgraded credit rating from S&P Global Ratings, moving from an “A” to an “A+” with a stable outlook. This upgrade reflects our continued financial strength, sound management, and commitment to providing reliable and cost-effective service to our community.
According to S&P, BELD’s improved Fixed Charge Coverage of 1.4x from 2021 to 2023, along with our competitive rates—nearly 20% lower than the state average in 2022—were key factors in this rating boost. We’ve also successfully managed our energy expenses by securing lower-cost renewable contracts and reducing debt obligations.
Why This Matters:
- Robust Financial Health: BELD maintains 215 days’ worth of operating expenses in liquidity and is on track to meet even higher financial targets in the coming years.
- Sustainability & Affordability: With 72% of our energy sourced from renewable projects and rates consistently below the state average, we’re committed to both environmental stewardship and keeping costs low for our customers.
- A+ Service, A+ Stability: Our ability to navigate the complex energy market while securing long-term stability for our community has been recognized by S&P Global Ratings.
This achievement wouldn’t be possible without the continued trust and support of our customers. We look forward to building on this success and continuing to serve Braintree with excellence!
