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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: January 28, 2015 <br />SUBJECT: Fitch Ratings Press Release <br />Indian River County's 20 <br />FROM: Jason E. Brown <br />Director, Management & <br />ater & Sewer Revenue Refunding Bonds <br />Attached is a copy of the January 26, 2015 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 strong debt coverage, low debt levels, conservative <br />management, affordable rate structure and excellent financial profile. <br />ATTACHMENT <br />Fitch Ratings Press Release <br />APPROVED AGE DA ITEM: <br />BY: <br />1p) Jo ph A. Baird <br />` 7 _ County Administrator <br />i <br />FOR: February 10, 2015 <br />Indian River County <br />A r ed <br />Date <br />Administrator <br />.2%6//S� <br />County Attorney <br />j� <br />Kj','0 <br />Budget <br />213 (7 <br />Department <br />Risk Management <br />45 <br />