Moody's Ratings Revises Dairyland's Outlook

Moody's Ratings has revised the outlook for Dairyland Power Cooperative to positive from stable and affirmed Dairyland's A3 rating. Dairyland appreciates the leadership from its democratically elected Board of Directors and the Dairyland team for the diligence and commitment to Financial Strength required to achieve this significant accomplishment.

The full rationale is explained in the news release from Moody's. In summary, Moody's noted: "The rating affirmation and revision of the outlook to positive reflects the expected continued improvement of DPC's financial metrics, supported by expanding margins despite increasing capital spending. DPC's growing revenue from new customers and invested assets as well as its disciplined cost containment measures will support its financial metrics."

See the attachment for the Moody's news release.