Response says
Agrees, with dated rating history and fiscal context.
← Back to this finding in the response audit
Public discussion · Finding WALLACE-F4
Per Standard & Poor’s Global Rating Report, the electric system revenue bond rating has been downgraded from A- in 2007 to B (junk status) in 2026.
What should residents consider about Finding WALLACE-F4: Per Standard & Poor’s Global Rating Report, the electric system revenue bond rating has been downgraded from A- in 2007 to B (junk status) in 2026., and the County’s response?
See per-item agency attributionAudit assessment: Addressed
Participate in this discussionAudit context
What the response says and how it was assessed
Audit analysis
Pages 25–26 cite S&P downgrade dates, late audited statements and financial pressures. These are specific traceable explanations, not an independent audit or verified forecast of recovery.
Finding-response score
Document completeness and usefulness—not factual verification or a legal conclusion.
4/4
Statutory elements
- Stated position
- 2/2
- Applicable disagreement elements
- 2/2
6/6
Public usefulness
- Coverage
- 2/2
- Reason specificity
- 2/2
- Support traceability
- 2/2
Dated S&P actions and identified reporting and financial issues support the explanation; agreement does not require a disagreement rationale.
Scoring confidence: high
Source pages
Review the underlying documents
Public participation
Discuss the finding and response
Use Pol.is to discuss both the Grand Jury finding and the County’s response, see where participants agree, and add a perspective for others to consider. Participant statements do not alter this audit or verify factual claims made by any participant or source document.
Loading the Pol.is conversation...