Fiscal responsibility seems to be the theme for Osceola County, as they bag another rating bump from S&P Global Ratings. According to a report released by the entity and found on Osceola County's website, the long-term rating on the County's series 2019 taxable tourist development tax (fifth cent) revenue refunding bonds has been elevated from 'A+' to 'AA-.'
This upgrade isn't just a pat on the back, it's a signal of the County's steady economic growth. Tourist Development Tax collections have been flourishing and Osceola's broader economy has been expanding with it. S&P Global Ratings didn't just give the nod to the county's financials but also cited their “strong economy” and their “extraordinarily strong” coverage of their Maximum Annual Debt Service or MADS, as detailed by the county's press release.
Amidst these fiscal acrobatics, according to an Osceola County news release, Commission Chair Cheryl Grieb garnished the report with some insight. “This ratings upgrade, on the heels of a similar positive financial report by Fitch in May, reaffirms that the Osceola County government has been operating in a fiscally responsible manner,” she said. That's not all, she credits the County Commission, and County staff for adopting a "disciplined approach to spending,” which seems to be hitting the right notes with third-party evaluators.
