Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to Sarasota County, Fla.'s series 2016A utility system revenue bonds and 2016B utility system revenue refunding bonds. At the same time, Standard&Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) on the county's outstanding utility system revenue bonds. The county's very strong enterprise risk profile includes: A stable and diverse customer base; Moderately high rates although they are lessened by only good income levels; Adequate capacity for both water and wastewater treatment; and Operational management assessment of 'good'. The extremely strong financial risk profile includes: Extremely strong history of all-in debt service coverage (DSC) that is projected to continue; Extremely strong liquidity that we expect to be sustained
