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Total interest-bearing liabilities were $1,309.4 million at June 2019, an increase of $523.9 million from the June 2018 level of $785.5 million.
Snowy Hydro’s Standard & Poor's (S&P) credit rating was upgraded in June 2019 to A- (from BBB+). This reflects Snowy Hydro’s capacity for future investments, exemplified by Shareholder approval of Snowy 2.0.
The strength of Snowy Hydro’s balance sheet and its focus on earnings and value-accretive investments places the Company on a solid foundation to pursue further growth in all of its business segments.