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Summary: Orange Cnty, FL; Tax Secured, Miscellaneous Tax; Tax Secured, Sales Tax

Published May 22, 2002

708 words — Published May 22, 2002

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Abstract:

The 'A' Standard&Poor's underlying rating (SPUR) on Orange County, Fla.'s outstanding tourist development revenue bonds has been affirmed and the rating removed from CreditWatch based on the following: Evidence of a continuing, positive recovery trend from the effects of Sept. 11 and the recession; The security pledge of the tourist development tax (TDT), which, including the pledged fifth cent, provides a good 1.58 times (x) coverage of future maximum annual debt service (MADS); A strong 1.33x additional bond test that the county has been able to exceed historically despite frequent debt issuance; Strong pledged revenue growth (TDT revenues increased 72% from fiscal 1992-2001), with annual growth varying widely from a low of 1.7% in 1999 to a high

Brief Excerpt:

RESEARCH Summary: Orange Cnty, FL; Tax Secured, Miscellaneous Tax; Tax Secured, Sales Tax Publication date: 22-May-2002 Credit Profile AFFIRMED $315.510 mil. Orange Cnty tourist dev tax rev bnds ser 1998 A&B dtd 12/01/1998 due 12/01/1999-2024...

Report Type:

Summary

Issuer

Orange Cnty

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Orange Cnty, FL; Tax Secured, CP – 2002/07/26 – US$ 225.00

Orange County, FL's Sales Tax Revenue Bonds Raised to 'AA-' – 2002/07/29 – US$ 150.00

Summary: Orange Cnty, FL; Tax Secured, Sales Tax – 2002/07/29 – US$ 225.00

Summary: Orange Cnty, FL; Tax Secured, Sales Tax – 2002/09/25 – US$ 225.00

Orange County, Florida; Utility, Solid Waste/Resource Recovery – 2003/05/20 – US$ 500.00

Orange County, Florida; Tax Secured, Sales Tax – 2002/05/22 – US$ 500.00

Orange County, Florida; Tax Secured, Miscellaneous Tax; Tax Secured, Sales Tax – 2002/05/22 – US$ 500.00

Summary: Orange Cnty, FL; Tax Secured, Sales Tax – 2002/05/22 – US$ 225.00

Orange County, Fla.'s Rating Removed From CreditWatch; 'A' Rating Affirmed – 2002/05/21 – US$ 150.00

Orange County, FL's TDT Revenue Bonds 'A' SPUR Ratings on CreditWatch Negative – 2001/09/27 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Orange Cnty, FL; Tax Secured, Miscellaneous Tax; Tax Secured, Sales Tax" May 22, 2002. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Orange-Cnty-FL-Tax-Secured-Miscellaneous-Tax-Tax-Secured-Sales-Tax-246430>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Orange Cnty, FL; Tax Secured, Miscellaneous Tax; Tax Secured, Sales Tax May 22, 2002. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Orange-Cnty-FL-Tax-Secured-Miscellaneous-Tax-Tax-Secured-Sales-Tax-246430>

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