This week, the agencies (Fitch, Moody’s, and S&P) gave a stable outlook for GRU and focused on the same key factors and future risks. GRU asked for the new ratings in advance of its anticipated August bond deal, along with another $150 million bond in 2028. Courtesy GRU GRU explains its upcoming debt purchase. Each of the agencies mentioned the governance struggle between GRU and the Gainesville City Commission, but they said the issue hasn’t negatively impacted the credit rating to date. The meeting allowed the commission to question GRU staff and highlighted the differences in perspective on the utility’s path forward.