Laserfiche WebLink
C <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 9, 2019 <br />SUBJECT: S&P Press Release <br />Indian River County's Spring Training Facility Revenue Bonds, Series 2001 <br />FROM: Kristin Daniels <br />Director, Management & Budget <br />Attached is a copy of the March 29, 2019 press release from S&P Global Ratings, which raises <br />Indian River County, FL's Spring Training Facility Revenue Bonds, Series 2001 rating to `A+' <br />from 'A'. <br />Key rating drivers for S&P Global Ratings were very strong debt service coverage, good income <br />levels, and 1.25x adequate maximum annual debt service (MADS) for additional bonds secured <br />by revenue from the half -cent sales tax. <br />9 <br />