Standard&Poor's Ratings Services has assigned its 'A+' long-term rating to Orange County, Fla.'s series 2010 tourist development tax refunding bonds and affirmed its 'A+' underlying rating (SPUR) on the county's outstanding tourist development revenue bonds. The 'A+' rating reflects our opinion of the county's: Fundamentally strong economic base, anchored by the city of Orlando, a major tourist destination; Good debt service coverage of future maximum annual debt service (MADS); Good historical growth in pledged revenues; and Adequate legal provisions. These credit strengths are offset, in our view, by the vulnerability of tourist development tax (TDT) revenues to downturns in both national and global economic conditions that affect tourism and travel. The county will use bond proceeds to refund
