S&P Global Ratings raised its rating on South Davis Metro Fire Service Area , Utah's series 2017 emergency services revenue and refunding bonds one notch to 'AA-' from 'A+'. The outlook is stable. The rating action reflects our view of the district's favorable finances, characterized by its year-over-year surpluses and record of maintaining very strong reserves, which we expect will likely remain healthy. The rating also reflects the application of its criteria, ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024, on RatingsDirect. The bonds are a special limited obligation of the district, secured by assessment payments and any other revenue, fees, income, rents, and receipts the district collects under an interlocal agreement entered into by each member.
