Laserfiche WebLink
INFORMATIONAL ITEM <br />INDIAN RIVER COUNTY <br />INTER -OFFICE MEMORANDUM <br />OFFICE OF MANAGEMENT AND BUDGET <br />/ <br />TO: Members of the Board of County Commissioners <br />DATE: September 29, 2014 <br />SUBJECT: Fitch Ratings Press Release <br />Indian River County's Spring Training Facility Revenue Bonds, Series 2001 <br />Indian River County's Environmentally Sensitive Land Acquisition Bonds, <br />Series 2006 <br />FROM: Jason E. Brown <br />Director, Management & Budget <br />Attached is a copy of the September 24, 2014 press release from Fitch Ratings, which affirms <br />Indian River County's `AA+' rating for the County's Spring Training Facility Revenue Bonds, <br />Series 2001; and the `A-' rating for the County's Environmentally Sensitive Land Acquisition <br />Bonds, Series 2006. This rating reflects the overall financial health of the County. Additionally, <br />Fitch affirms the 'AAA' implied unlimited tax general obligation (ULTGO) rating on the <br />County. <br />Key rating drivers for Fitch were strong debt coverage, low debt levels, excellent financial <br />profile, and prudent fund balance policies. <br />ATTACHMENT <br />Fitch Ratings Press Release <br />APPROVED AGENDA ITEM: <br />BY: <br />Jose A. Baird <br />County Administrator <br />FOR: October 7, 2014 <br />Indian River County <br />Ap..ved <br />Date <br />Administrator <br />!'x%11 `i <br />County Attorne <br />l <br />ak <br />Budget <br />' 7 //4 <br />Department <br />EitJ <br />Risk Management <br />12 <br />