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7, At. <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: April 3, 2019 <br />SUBJECT: Fitch Ratings Press Release <br />Indian River County's Spring Training Facility Revenue Bonds <br />FROM: Kristin Daniels <br />Director, Management & Budget <br />Attached is a copy of the March 26, 2019 press release from Fitch Ratings, which affirms Indian <br />River County's `AA+' rating for the County's Spring Training Facility Revenue Bonds, Series <br />2001. <br />Key rating drivers for Fitch were high debt service coverage, strong performance of pledged <br />revenue sources, and early bond redemptions from surplus funds. <br />5 <br />