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Summary: Orlando Community Redevelopment Agency, Florida Orlando; Tax Increment Mar 10 Product Image

Summary: Orlando Community Redevelopment Agency, Florida Orlando; Tax Increment Mar 10

  • Published: March 2010
  • Region: Florida
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to Orlando Community Redevelopment Agency, Fla.'s series 2010A tax-exempt tax increment bonds and series 2010B tax increment revenue bonds (Build America bonds), issued on behalf of the city of Orlando. The 'A' long-term rating on the agency's parity series 2009 tax increment revenue bonds has been affirmed. The ratings reflect our opinion of the agency's: Strong coverage of maximum annual debt service (MADS) at 2.4x, based on fiscal 2010 tax increment revenues; Average volatility ratio of 0.19, reflecting only modest sensitivity in tax increment revenues due to changes in overall assessed value (AV); Strong additional bonds test, requiring 1.50x coverage of MADS; and Sizable 1,620-acre project area with strong...

Companies mentioned in this report are: Orlando,Orlando Comnty Redev Agy
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Orlando,Orlando Comnty Redev Agy

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