Standard & Poor’s upgraded Roane County’s credit rating from A+ to AA– last year.
Could a downgrade be in store after the agency lowered the U.S. credit rating?
“It’s possible, because the federal decreased, and they may just lump everybody together,” Roane County Executive Ron Woody said. “However, they really rate you when you have a new issue, and we’re not anticipating anything.”
Citing political gridlock in Congress, S&P downgraged the U.S. credit rating from AAA to AA+ last month.