Standard and Poor’s Rating Services recently raised its rating on Oak Ridge’s electric system’s revenue debt one notch, from “A-” to “A.”
“This is very good news for the City of Oak Ridge,†City Manager Mark Watson said. “Bonds for the city’s electric utility systems were upgraded and recognized for the stable outlook observed during Standard and Poor’s normal review. A better bond rating will have a positive impact on lower interest rate considerations in the future, if needed.â€
