The rating on Orange County, Fla.'s bonds reflects: A pledge of 4% of the county's 5% tourist development tax, which is levied on countywide lodgings in hotels, motels, and campsites—which in 1998 generated nearly $76.9 million and provided 1.62 times (x) coverage of maximum future debt service; Excellent pledged revenue growth, rising over 54% between 1994 and 1998 without an increase in tax rate, and annual growth ranging from 2%-17% since 1991; and The sustained ability of the Orlando MSA to be a premier U.S. and international tourist destination largely due to the successful operation and location of Disney World, Sea World, Universal Studios, and other metropolitan area attractions. Disney plans further expansion with several theme parks to be added
