Summary: St. Johns County, Florida; Water/Sewer

S&P Global Ratings has raised its rating on St. Johns County, Fla.'s water and sewer system bonds to 'AA+' from 'AA.' At the same time, S&P Global Ratings assigned its 'AA+' long-term rating to the county's series 2016 water and sewer revenue and refunding bonds. The rating reflects the combination of an extremely strong enterprise risk profile and a very strong financial risk profile. The outlook is stable. The upgrade reflects what we view as the county's very strong economic and financial metrics, as well as the application of our revised criteria, "Rating Methodology And Assumptions For U.S. Municipal Waterworks And Sanitary Sewer Utility Revenue Bonds," published Jan. 19, 2016, on RatingsDirect. The enterprise risk profile reflects our view of

...S&P Global Ratings has raised its rating on St. Johns County, Fla.'s water and sewer system bonds to '##+' from '##.' At the same time, S&P Global Ratings assigned its '##+' long-term rating to the county's series 2016 water and sewer revenue and refunding bonds. The rating reflects the combination of an extremely strong enterprise risk profile and a very strong financial risk profile. The outlook is stable. The upgrade reflects what we view as the county's very strong economic and financial metrics, as well as the application of our revised criteria, "Rating Methodology And Assumptions For U.S. Municipal Waterworks And Sanitary Sewer Utility Revenue Bonds," published Jan. 19, 2016, on RatingsDirect. The enterprise risk profile reflects our view of the system's:...

Summary