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Ia-C 7 <br /> DEPARTMENTAL <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: March 6, 2013 <br /> SUBJECT: Fitch Ratings <br /> Indian River County's Water & Sewer Bonds <br /> FROM: Jason E. Brown <br /> Director, Management& Budget rl <br /> Attached is a copy of the February 28, 2013 press rLdse from Fitch Ratings, which affirms <br /> Indian River County's `AAA' rating for the County's water and sewer revenue refunding bonds, <br /> series 2009. This rating reflects the overall financial health of the County. <br /> Key rating drivers for Fitch were strong coverage, low debt; excellent financial profile; declining <br /> capital program and healthy infrastructure; conservative and attentive management; and <br /> affordable and flexible rate structure. <br /> Indian River County Approved Date <br /> APPROVED AGENDA ITEM Administrator <br /> FOR: '2 a « Legal <br /> , <br /> BY: / Budget <br /> Risk Management <br /> Department <br /> 47 <br />