Sarasota County receives AAA debt rating
SARASOTA COUNTY — For the fifth consecutive year, Fitch Ratings, a national bond rating agency, reaffirmed Sarasota County’s AAA implied general obligation debt rating this week. The rating reflects the county’s credit profile and healthy financial position.
“AAA is the highest rating you can get as far as credit worthiness and the ability to repay,” county Fiscal Consultant Richard Gleitsman said Wednesday. “We don’t have any general obligation debt right now, so it’s called an implied rating.”