Posts tagged with Moody's Archives - Powerlines

Seattle City Light Sells $265M in Bonds, Customers Benefit

Seattle City Light successfully sold $265 million of bonds on Wed., Oct 22, 2014. A portion of the proceeds will be used to refinance existing bonds at a lower interest rate, saving $7.2 million annually for City Light customers.

Moody’s Affirms City Light Bond Rating

Mayor Mike McGinn announced today that Moody’s has affirmed Seattle City Light’s Aa2 bond rating with a stable outlook. Moody’s is the second rating agency to maintain high ratings for the utility this week.