Fitch Ratings, a nationally recognized credit ratings agency, has affirmed Pedernales Electric Cooperative’s AA- rating, noting the rating outlook is stable. “We’re very pleased with Fitch’s decision, and we believe our AA- rating reflects PEC’s commitment to financial stewardship and responsible planning on behalf of our membership,” said PEC Chief Executive Officer Julie Parsley. In explaining the rating score, Fitch concluded PEC’s financial performance is consistently st ...