Two series of Sarasota County bonds recently had their credit ratings affirmed by two global agencies, and one agency also affirmed the county's "AAA" general obligation rating, the latest indications of the county's healthy financial position and stable outlook. Fitch Ratings and S&P Global Ratings each announced "AA+" ratings this week for the county's $16.9 million capital improvement revenue refunding bonds (series 2018A), while Fitch Ratings provided a "AA+" and S&P Global Ratings a "AA" on $23.2 million in infrastructure sales surtax revenue refunding bonds (series 2018). This is in addition to affirmations of ratings on similar outstanding bonds. The issuance of the bonds was approved by the Sarasota County Commission at its meeting last Wednesday. The proceeds will be used to refinance interim borrowings that funded the construction of the new Sarasota County Sheriff's Office administrative headquarters and various other capital improvement projects.

Sarasota County Government