Mayor Tim Kelly said the change was "as a result of Fitch instituting new criteria for its ratingsystem." He said Chattanooga "is just ... the issuing of bonds by the Chattanooga-Hamilton County ...
Chattanooga is just one of 550 local governments expected to have their Fitch rating changed as a result of the new criteria. “Nothing about Chattanooga’s finances has changed, but Fitch has changed ...