October 2007

Kevin Easley, CEOFollowing on the heels of credit outlook improvements from the three major rating agencies, GRDA receives a credit rating upgrade   Standard & Poor’s (S&P) Rating Services. S&P announces it is changing GRDA’s credit rating from “BBB+” to “A”, and improving the outlook from stable to positive. It marks the first rating upgrade in GRDA’s history. “This upgrade is proof that the financial community believes GRDA is growing more financially stable,” said GRDA Chief Executive Officer Kevin Easley. “Moving the rating from “BBB+” to “A-” adds even more stability to the financial foundation this agency will rest on in the future.”