Standard&Poor's Ratings Services assigned its 'AA' rating and stable outlook to Sarasota County, Fla.'s series 2015 infrastructure sales surtax revenue refunding bonds and affirmed its 'AA' rating, with a stable outlook, on the county's parity debt. The rating reflects our opinion of the county's: Strong and diverse local economy, which we believe has stabilized after several years of contraction during the Great Recession; Strong annual debt service coverage (DSC) and maximum annual debt service (MADS) coverage from pledged revenue with no additional debt plans currently; and Adequate bond provisions with a 1.35x MADS additional bonds test -- We, however, understand management does not intend to issue any additional parity debt. A one-cent, electorate-approved infrastructure sales surtax secures the
