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[ Press Release ] Fitch Affirms Indian River County, FL Water & Sewer Revs at'AAA'; ... Page 6 of 7 <br />group of individuals, is solely responsible for a rating or a report. The rating does not address <br />the risk of loss due to risks other than credit risk, unless such risk is specifically mentioned. <br />Fitch is not engaged in the offer or sale of any security. All Fitch reports have shared <br />authorship. Individuals identified in a Fitch report were involved in, but are not solely <br />responsible for, the opinions stated therein. The individuals are named for contact purposes <br />only. A report providing a Fitch rating is neither a prospectus nor a substitute for the <br />information assembled, verified and presented to investors by the issuer and its agents in <br />connection with the sale of the securities. Ratings may be changed or withdrawn at any time <br />for any reason in the sole discretion of Fitch. Fitch does not provide investment advice of any <br />sort. Ratings are not a recommendation to buy, sell, or hold any security. Ratings do not <br />comment on the adequacy of market price, the suitability of any security for a particular <br />investor, or the tax-exempt nature or taxability of payments made in respect to any security. <br />Fitch receives fees from issuers, insurers, guarantors, other obligors, and underwriters for <br />rating securities. Such fees generally vary from US$1,000 to US$750,000 (or the applicable <br />currency equivalent) per issue. In certain cases, Fitch will rate all or a number of issues issued <br />by a particular issuer, or insured or guaranteed by a particular insurer or guarantor, for a <br />single annual fee. Such fees are expected to vary from US$10,000 to US$1,500,000 (or the <br />applicable currency equivalent). The assignment, publication, or dissemination of a rating by <br />Fitch shall not constitute a consent by Fitch to use its name as an expert in connection with <br />any registration statement filed under the United States securities laws, the Financial Services <br />and Markets Act of 2000 of the United Kingdom, or the securities laws of any particular <br />jurisdiction. Due to the relative efficiency of electronic publishing and distribution, Fitch <br />research may be available to electronic subscribers up to three days earlier than to print <br />subscribers. <br />For Australia, New Zealand, Taiwan and South Korea only: Fitch Australia Pty Ltd holds an <br />Australian financial services license (AFS license no. 337123) which authorizes it to provide <br />credit ratings to wholesale clients only. Credit ratings information published by Fitch is not <br />intended to be used by persons who are retail clients within the meaning of the Corporations <br />Act 2001 <br />Fitch Ratings, Inc. is registered with the U.S. Securities and Exchange Commission as a <br />Nationally Recognized Statistical Rating Organization (the "NRSRO"). While certain of the <br />NRSRO's credit rating subsidiaries are listed on Item 3 of Form NRSRO and as such are <br />authorized to issue credit ratings on behalf of the NRSRO (see <br />https://www.fitchratings.com/site/regulatory), other credit rating subsidiaries are not listed on <br />Form NRSRO (the "non-NRSROs") and therefore credit ratings issued by those subsidiaries <br />are not issued on behalf of the NRSRO. However, non-NRSRO personnel may participate in <br />determining credit ratings issued by or on behalf of the NRSRO. <br />SOLICITATION STATUS <br />The ratings above were solicited and assigned or maintained at the request of the rated <br />entity/issuer or a related third party. Any exceptions follow below. <br />Fitch Updates Terms of Use & Privacy Policy <br />We have updated our Terms of Use and Privacy Policies which cover all of Fitch Group's <br />websites. Learn more (https://www.thefitchgroup.com/site/policies). <br />Endorsement Policy <br />11 <br />https://www.fitchratings.com/site/pr/10050946 11/13/2018 <br />