Credit Ratings
| S&P | Moody's | |
|---|---|---|
| Long-term Issuer | BBB+ (OP) 3/17/2026 | Baa2 (OS) 8/19/2025 |
| Short-term/Commercial Paper | A-2 3/17/2016 | P-2 8/19/2025 |
| Senior Unsecured | BBB+ 3/17/2026 | Baa2 8/19/2025 |
| Credit Ratings (Subsidiaries) | ||
| S&P | ||
| Black Hills Power, Inc. | ||
| Long-term Issuer | BBB+ (OP) 3/17/2026 | |
| Senior Secured Debt | A 8/9/2018 | |
| Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch Negative, (WU) Watch Uncertain, (WR) Watch Removed, (OP) Outlook Positive, (ON) Outlook Negative, (OS) Outlook Stable, (OD) Outlook Developing | ||