FARMERS BRANCH (S&P Global Ratings) April 27, 2020--S&P Global Ratings revised its outlook on Sarasota County, Fla.'s capital improvement revenue bonds to negative from stable, and affirmed its 'AA+' long-term rating on the bonds. At the same time, S&P Global Ratings assigned its 'AA+' rating and negative outlook to the county's series 2020 capital improvement revenue bonds. "The negative outlook reflects that there is at least a one-in-three chance of coverage falling from its currently very strong level of 4.0x maximum annual debt service to closer to 3.0x maximum annual debt service if the current recession has a prolonged effect on pledged revenues," said S&P Global Ratings credit analyst Jennifer Garza. "Our outlook is generally for two years, but we
