Standard & Poor’s has affirmed the AA-minus assigned to Columbia’s water and electric system revenue bonds while revising the outlook to positive from stable due to Columbia Water and Light’s improved financial position.

“The outlook revision is based on our expectation that CW&L’s improved financial metrics, including consistently solid debt-service coverage and strong working capital, should be sustainable as the utility fully integrates new generating assets into its purchased power supply portfolio,” said analyst Theodore Chapman.

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