S&P Global Ratings assigned its 'AA+' long-term rating to Sarasota County, Fla.'s $39.7 million series 2023 utility system revenue bonds. At the same time, we affirmed our 'AA+' long-term rating on the county's utility system revenue bonds outstanding. The outlook is stable. The bonds are secured by a pledge of the net revenues of the water and wastewater system. Additional security is provided by a senior lien and pledge of legally available impact fees. Bond proceeds will continue to finance capital improvements to the systems. With this issue, the utility system will have an estimated $387 million in parity debt outstanding. The system also has a $105 million undrawn parity Water Infrastructure Finance and Innovation Act (WIFIA) loan and subordinate
