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Rating Upgrade from Moody Investor Services

Post Date:02/21/2017

Sarasota Clerk Communication

The Sarasota County Clerk and Comptroller is pleased to announce a ratings upgrade from Moody Investor Services.

Moody's upgraded the rating on Sarasota County's  Limited Ad Valorem Tax Bonds (Environmentally Sensitive Lands and Parkland Program), Series 2008 and 2005 to Aaa from A3; the outlook is stable.

This new rating  is the same as the rating Moody’s assigned to the County’s long term issuer rating (implied) of Aaa, and reflects, according to Moody’s, strong operating fund reserves, improving tax base and favorable debt coverage ratios.

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