Finance

Fitch Affirms AAA and AA+ Ratings for Sarasota County Bonds

The county's general credit rating of "AAA" demonstrates consistent maintenance of general fund reserves and low long-term liability burden.

By Staff April 26, 2021

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Fitch Ratings has affirmed Sarasota County's general obligation and capital improvement bond ratings. According to a press release from Fitch, the general credit rating of "AAA" demonstrates the consistent maintenance of general fund reserves, along with a low long-term liability burden.

"The county's independent legal revenue raising ability and solid expenditure control provide the county with a considerable ability to maintain a high level of fundamental financial flexibility throughout economic cycles and should provide sufficient resources to endure the current and future economic cycles,” the release states, adding that Sarasota County has a "strong capacity" to navigate economic cycles due to robust financial reserves, expected revenue and solid expenditure flexibility.

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