Fitch gives Sarasota County surtax bonds AA

Fitch Ratings said it assigned an AA rating to Sarasota County, Fla.'s $67.5 million series 2008A infrastructure sales surtax revenue bonds.

The bonds are scheduled to sell via negotiation the week of Sept. 8. Proceeds will be used to fund capital improvements.

Fitch also upgraded the county's $13.8 million in local option gas tax revenue bonds to AA from AA- and affirmed its AA rating on $2.6 million in outstanding second guaranteed entitlement revenue bonds and its AA- rating on $43.7 million in outstanding communication service tax revenue bonds.

The outlook is stable.

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