October 2016 Board Meeting

The October board meeting will be held on Wednesday the 12th at 10:00 a.m. in the Vinita Headquarters Board Room.

Area business, organizations joining forces on lake area cleanup efforts

In an ongoing effort to help keep Grand Lake’s scenery as “grand” as possible, the Grand River Dam Authority is working with the new Grove Community Living and Learning Committee (GCLLC) on a beautification initiative. While the committee is planning new community clean-up programs for the Grove area, GRDA will be working to coordinate quarterly cleanups in several key areas of the lake, beginning near Grove. Each month GRDA Superintendent of Shoreline Enforcement Scott Horton flies the shoreline of Grand Lake to identify compliance issues. As a result of those … More

Making the grade …

Power for Progress… A weekly column from the Grand River Dam Authority For the Grand River Dam Authority, the good news came on consecutive days in mid-October. On Thursday, October 6, GRDA learned that Fitch would give an “A+” rating both to GRDA’s previous bonds as well as to the upcoming $460 million issue (set for October 25). One day later, Standard & Poor’s Global Ratings followed suit and also announced it would also assign an “AA-” rating to the new issue, as well to the previous bonds. Both cases equaled upgrades for GRDA. Of course, all of this good credit news was very well-received at … More

Ahead of late October bond issue… GRDA receives credit rating upgrades

Vinita – As the Grand River Dam Authority continues preparing for a large bond issue later this month, it is getting a boost and some positive reinforcement, from the nation’s credit rating agencies. Perhaps the biggest news came last. On Friday, October 7, Standard & Poor’s Global Ratings announced that it would raise its long-term rating and underlying rating (SPUR) to ‘AA-‘ from ‘A+’ on GRDA’s earlier bonds. Further, S&P announced it was assigning an “AA-“ rating to the upcoming bond issue, with a stable outlook. That news came on the heels of a Thursday (October 6) announcement by Fitch that it … More