DALLAS — Moody's Investors Service has raised the outlook on Utah Municipal Power Agency's A2 rating to stable from negative ahead of a $21.5 million revenue bond sale.

"The stable outlook takes into consideration improvement in the agency's financial performance since increasing member rates beginning 2011," Moody's analyst Scott J. Solomon wrote in his Oct. 18 report.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.