Martin County, FL Sales Tax Revenue Bonds Assigned 'AA' Rating

DALLAS (S&P Global Ratings) April 25, 2019--S&P Global Ratings assigned its 'AA' long-term rating to Martin County, Fla.'s series 2019 half-cent sales tax revenue bonds, based on the application of its priority-lien tax revenue debt criteria, published Oct. 22, 2018. The outlook is stable. The bond proceeds will fund various projects, including public safety, public works, and parks facilities, as well as fire stations. "The rating reflects our view of such factors as the county's strong economic base, strong sales tax revenue stream, extraordinary historical coverage, and stable pledged revenue," said S&P Global Ratings credit analyst Karolina Norris. The stable outlook reflects our expectation that Martin County's sales tax revenue will continue to provide extraordinarily strong debt service coverage. RELATED

...April 26, 2019 DALLAS (S&P Global Ratings) April 25, 2019--S&P Global Ratings assigned its '##' long-term rating to Martin County, Fla.'s series 2019 half-cent sales tax revenue bonds, based on the application of its priority-lien tax revenue debt criteria, published Oct. 22, 2018. The outlook is stable. The bond proceeds will fund various projects, including public safety, public works, and parks facilities, as well as fire stations. "The rating reflects our view of such factors as the county's strong economic base, strong sales tax revenue stream, extraordinary historical coverage, and stable pledged revenue," said S&P Global Ratings credit analyst Karolina Norris. The stable outlook reflects our expectation that Martin County's sales tax revenue will continue to provide extraordinarily strong debt service coverage. RELATED RESEARCH Criteria Guidance: Priority-Lien Tax Revenue Debt, Oct. 22, 2018...

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