Standard&Poor's Ratings Services affirmed its 'A-1+' rating on Orange County, Fla.'s CP notes. The CP notes are secured by the county's non-ad valorem revenues. Proceeds fund the county's capital improvement program. Liquidity support to address a potential failed CP note remarketing is provided by a line of credit with SunTrust Bank (AA-/Stable/A-1+). The amount available under the line of credit is $25 million plus 270 days' interest at the maximum rate. The line expires on Aug. 1, 2005. The dealer was changed to Lehman Brothers Inc. from Salomon Smith Barney Inc. in June 2004. The county has authorized $182 million in notes under the program and has issued and redeemed $93.54 million. There were no outstanding notes at
