Sarasota County Maintains Fitch Rating
Business
SRQ DAILY MONDAY BUSINESS EDITION
MONDAY AUG 17, 2015 |
Fitch Ratings announced Sarasota County's Second Guaranteed Entitlement Revenue Bonds will maintain their current AA+ rating. The rating for the $16.9 million guaranteed entitlement revenue bonds is based on several factors, including the county's prudent financial management techniques. According to Fitch Ratings, which is based in New York, Sarasota County's finances are characterized by conservative budgeting practices and healthy reserve levels. Employment opportunities continue to expand in the county, the ratings service said, and an uptick in home prices and sales tax growth also contributed to an affirmed AA+ rating.
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