BOSTON (Standard&Poor's) March 11, 2011--Standard&Poor's Ratings Services has raised its underlying rating (SPUR) on Orange County, Fla.'s public service tax refunding and improvement revenue bonds, series 2003, to 'AA-' from 'A+' The outlook is stable. The upgrade is based on Standard&Poor's view of the county's: Strong debt service coverage; Strong underlying economic base; and Decreasing debt service schedule, with no additional parity debt issuance planned. "The stable outlook reflects our expectation of continued growth in the unincorporated county areas and continued increases in public service tax collections. This, combined with decreasing annual debt service, should allow debt service coverage to remain strong," said Standard&Poor's credit analyst Matthew Stephan. The county's strong and
