S&P Global Ratings revised the outlook to positive from stable and affirmed its'AA-'long-term rating on Orange County , Florida's tourist development tax (TDT) revenue bonds outstanding. The outlook revision reflects the one-in-three chance that we could raise the rating if economic momentum continues to support pledged revenue collections and coverage remains comfortably above bond test thresholds despite debt plans in the near term. The ratings reflect the application of our criteria “Priority-Lien Tax Revenue Debt,†published Oct. 22, 2018, which factors in both the strength and stability of pledged revenue and the general creditworthiness of the municipality. The bonds are limited obligations of the county secured by its TDT levied at a rate of 4% of each dollar
