Orange County, FL Various Bonds Upgraded To 'AA+' From 'AA' On Criteria Application - S&P Global Ratings’ Credit Research

Orange County, FL Various Bonds Upgraded To 'AA+' From 'AA' On Criteria Application

Orange County, FL Various Bonds Upgraded To 'AA+' From 'AA' On Criteria Application - S&P Global Ratings’ Credit Research
Orange County, FL Various Bonds Upgraded To 'AA+' From 'AA' On Criteria Application
Published Jun 28, 2019
3 pages (1504 words) — Published Jun 28, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

WASHINGTON D.C. (S&P Global Ratings) June 28, 2019--S&P Global Ratings raised its rating on Orange County, Fla.'s half-cent sales tax bonds one notch to 'AA+' from 'AA'. At the same time, S&P Global Ratings raised its rating on the county's series 2009 capital improvement bonds to 'AA+' from 'AA'. In addition, S&P Global Ratings raised its rating on the county's public service tax (PST) bonds to 'AA+' from 'AA'. The outlook on all ratings bonds is stable. "The upgrades reflect the application of our "Priority-Lien Tax Revenue Debt" criteria, which factors in the strength and stability of pledged revenue and the general credit quality of the municipality where taxes are distributed or collected, known as the obligor's creditworthiness," said S&P

  
Brief Excerpt:

...June 28, 2019 WASHINGTON D.C. (S&P Global Ratings) June 28, 2019--S&P Global Ratings raised its rating on Orange County, Fla.'s half-cent sales tax bonds one notch to '##+' from '##'. At the same time, S&P Global Ratings raised its rating on the county's series 2009 capital improvement bonds to '##+' from '##'. In addition, S&P Global Ratings raised its rating on the county's public service tax (PST) bonds to '##+' from '##'. The outlook on all ratings bonds is stable. "The upgrades reflect the application of our "Priority-Lien Tax Revenue Debt" criteria, which factors in the strength and stability of pledged revenue and the general credit quality of the municipality where taxes are distributed or collected, known as the obligor's creditworthiness," said S&P Global Ratings credit analyst Timothy Barrett. "In addition, the upgrades reflect the sustained very strong coverage levels on each of the bonds outstanding, driven by robust long-term revenue growth," Mr. Barrett added. (See criteria...

  
Report Type:

Ratings Action

Issuer
Orange Cnty
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Orange County, FL Various Bonds Upgraded To 'AA+' From 'AA' On Criteria Application" Jun 28, 2019. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Orange-County-FL-Various-Bonds-Upgraded-To-AA-From-AA-On-Criteria-Application-2258070>
  
APA:
S&P Global Ratings’ Credit Research. (). Orange County, FL Various Bonds Upgraded To 'AA+' From 'AA' On Criteria Application Jun 28, 2019. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Orange-County-FL-Various-Bonds-Upgraded-To-AA-From-AA-On-Criteria-Application-2258070>
  
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