Ratings services give county top scores

Sarasota County has been assigned “AA+” ratings for its 2023 capital projects improvement revenue series bonds, affirmed “AA+” ratings on all capital improvement bonds, and reaffirmed the “AAA” rating for general obligation bonds by both Fitch Ratings and S&P Global Ratings services.

The ratings reports determine the county’s perceived worthiness for investing. Similar to an individual’s credit score, higher bond ratings are typically accompanied by a lower interest rate. The rating also indicates lower risk to investors.

Proceeds from the approximately $24.3 million capital projects improvement revenue series 2023A bonds will fund portions of the new Sarasota County Mosquito Management Service facility and the new Emergency Services Administration building.