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 July 29, 2008. The county has authorized $182 million in notes under the program, has issued $100.036 million, and redeemed $97.036 million. There were only $3 million outstanding at the end of fiscal 2005 (Sept. 30, 2005), as the county issued $6.5 million
