Press Release|Public Finance
KBRA Affirms AAA Rating for Orange County, Florida's Implied General Obligation Credit; Outlook is Stable
6 Jun 2025 | New York
KBRA affirms the long-term rating of AAA for Orange County, Florida's implied General Obligation credit. The Outlook is Stable.
Key Credit Considerations
The rating is affirmed because of the following key credit considerations:
Credit Positives
- Sustained record of solid financial performance supported by a strong financial management team, a comprehensive, conservative budget process and regular, quarterly revenue and budget performance monitoring.
- Maintenance of consistently strong General Fund reserves and very high liquidity.
- Limited direct debt burden, low fixed cost ratio and favorable pension and OPEB funding levels contribute to significant financial flexibility.
Credit Challenges
- Despite considerable economic diversification, tourism and hospitality remain the County’s primary economic drivers, creating the potential for revenue volatility.
Rating Sensitivities
For Upgrade
- Not Applicable
For Downgrade
- Trend of significant long-term decline in taxable assessed valuation.
- Trend of decline in available General Fund balance and reserves.
To access ratings and relevant documents, click here.