S&P Global Ratings assigned its 'AA+' rating and stable outlook to Sarasota County, Fla.'s series 2017 capital improvement revenue bonds and affirmed its 'AA+' rating, with a stable outlook, on the county's series 2010A (taxable build America bonds (BABs)) and 2010B (recovery-zone-economic-development bonds (RZEDBs)) capital improvement revenue bonds. Sarasota County was recently affected by Hurricane Irma. However, officials report there was only minor damage. Therefore, we do not believe the storm will materially affect pledged revenue. The rating reflects our opinion of the county's: Growing, strong, and diverse local economy; Very strong debt service coverage (DSC) on existing debt secured by pledged revenue, which we expect to remain very strong due to its fairly limited capital plans and historical use
