The recent move by Standard and Poor to downgrade US Treasury bond ratings from will not likely have any impact locally. Paul Jones, a commercial lender at Midwest One Bank says the new rating of AA+ from the top tier of AAA is not necessarily a strong sign that the US will be unable to pay its outstanding obligations. Margaret Ratcliff, Vice President at Midwest One says local depositors have little to worry about, as none of the recent financial waves will affect federally insured deposits.