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INFORMATIONAL ITEM <br /> INDIAN RIVER COUNTY ` <br /> INTER-OFFICE MEMORANDUM <br /> OFFICE OF MANAGEMENT AND BUDGET <br /> TO: Members of the Board of County Commissioners <br /> DATE: January 28, 2015 <br /> SUBJECT: Fitch Ratings Press Release <br /> Indian River County's 20 rie ater& Sewer Revenue Refunding Bonds <br /> FROM: Jason E. Brown <br /> Director, Management & udge <br /> Attached is a copy of the January 26, 2015 press release from Fitch Ratings, which affirms <br /> Indian River County's `AAA' rating for the County's Water and Sewer Revenue Refunding <br /> Bonds, Series 2009. This rating reflects the overall financial health of the County Utility. <br /> Key rating drivers for Fitch were strong debt coverage, low debt levels, conservative <br /> management, affordable rate structure and excellent financial profile. <br /> ATTACHMENT <br /> Fitch Ratings Press Release <br /> APPROVED AGE DA ITEM: <br /> A. <br /> BY: <br /> � Jo ph A. Baird <br /> County Administrator Indian River County Apprpved Date <br /> y Administrator <br /> FOR: February 10, 2015 <br /> County Attorney '•{J -K' <br /> Budget 3 <br /> Department <br /> Risk Management <br /> 45 <br />