Summary: Martin County, Florida; Sales Tax

S&P Global Ratings assigned its 'AA' long-term rating to Martin County, Fla.'s series 2019 half-cent sales tax revenue bonds, based on the application of its priority-lien tax revenue debt criteria, published Oct. 22, 2018. The outlook is stable. The bonds are secured by half-cent sales tax and other money from the Local Government Half-Cent Sales Tax Clearing Trust Fund pursuant to the provisions of Chapter 218, Part VI, of Florida Statutes. The bond proceeds will fund various projects, including public safety, public works, and parks facilities, as well as fire stations. The rating reflects our view of the county's: Strong economic base, characterized by stable population growth, very strong incomes, and participation in the Port St. Lucie metropolitan statistical area;

...S&P Global Ratings assigned its '##' long-term rating to Martin County, Fla.'s series 2019 half-cent sales tax revenue bonds, based on the application of its priority-lien tax revenue debt criteria, published Oct. 22, 2018. The outlook is stable. The bonds are secured by half-cent sales tax and other money from the Local Government Half-Cent Sales Tax Clearing Trust Fund pursuant to the provisions of Chapter 218, Part VI, of Florida Statutes. The bond proceeds will fund various projects, including public safety, public works, and parks facilities, as well as fire stations. The rating reflects our view of the county's: + Strong economic base, characterized by stable population growth, very strong incomes, and participation in the Port St. Lucie metropolitan statistical area; + Strong sales tax revenue stream that we generally believe is subject to low historical volatility; + Extraordinary historical coverage and stable pledged revenue, supported by strong bond provisions; and + General...

Summary