Summary: Sarasota County, Florida; Miscellaneous Tax - S&P Global Ratings’ Credit Research

Summary: Sarasota County, Florida; Miscellaneous Tax

Summary: Sarasota County, Florida; Miscellaneous Tax - S&P Global Ratings’ Credit Research
Summary: Sarasota County, Florida; Miscellaneous Tax
Published Mar 01, 2024
5 pages (1773 words) — Published Mar 01, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' rating to Sarasota County, Fla.'s approximately $14.540 million series 2024A tourist development tax (TDT) revenue bonds. The outlook is stable. Securing the bonds is 70% of the 6th cent of revenues received by the county from the TDT that are legally available to pay principal, premium if any and interest on the 2024 bonds. We rate the bonds under our priority-lien tax revenue debt criteria (published Oct. 22, 2018), which factors in both the strength and stability of the pledged revenue, as well as the general credit quality of Sarasota County (the obligor's creditworthiness [OC]). Bond proceeds will be used to fund the construction of a Science Education Aquarium in partnership with Mote Marine

  
Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed WWW.STANDARDANDPOORS.COM/RATINGSXPRESS MARCH 1, 2024 3...

  
Report Type:

Summary

Issuer
Sarasota County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Sarasota County, Florida; Miscellaneous Tax" Mar 01, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sarasota-County-Florida-Miscellaneous-Tax-3133263>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Sarasota County, Florida; Miscellaneous Tax Mar 01, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sarasota-County-Florida-Miscellaneous-Tax-3133263>
  
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