NEW YORK (Standard&Poor's) May 7, 2007--Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Orange County, Fla.'s $3.5 million tourist development tax bonds one notch to 'A+' from 'A', reflecting the strong management of the revenue stream, strong reserve levels, and continued diversity of the local economic base. The outlook is stable. At the same time, Standard&Poor's assigned its 'A+' rating to the county's $62.5 million series 2007 and 2007A tourist development tax refunding revenue bonds. The 'A+' rating reflects the county's strong, underlying economic base, anchored by the city of Orlando, a major tourist destination; good debt service coverage (DSC) of future maximum annual debt service (MADS); strong pledged revenue growth; and adequate
