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7D <br />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: November 13, 2018 <br />SUBJECT: Fitch Ratings Press Release <br />Indian River County's 2009 Series Water & Sewer Revenue Refunding Bonds <br />FROM: Kristin Daniels <br />Director, Management & Budget <br />Attached is a copy of the November 12, 2018 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 excellent financial profile, minimal capital needs, low debt, <br />affordable and flexible rate structure and a healthy service area. <br />5 <br />