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Basin Electric Power Cooperative Rating Downgraded by Fitch

Fitch Ratings downgraded Basin Electric Power Cooperative to ‘A+/F1′; Outlook Stable based in part on declining profits from its subsidiary, Dakota Gasification Company.  Although Basin continues to show strength in many areas, Fitch expects that Basin's
February 22, 2011

Fitch Ratings downgraded Basin Electric Power Cooperative to ‘A+/F1′; Outlook Stable based in part on declining profits from its subsidiary, Dakota Gasification Company.  Although Basin continues to show strength in many areas, Fitch expects that Basin's board will vote to increase rates to stabilize its financial condition.  See Business Wire for more. 

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click to watch Videocast: Sutherland SALT Scoreboard – 2nd Quarter Highlights
Videocast: Sutherland SALT Scoreboard – 2nd Quarter Highlights
Washington, DC
Elizabeth S. Cha, Associate
Washington, DC
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