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Standard & Poor’s may upgrade Sarasota County bonds after downgrade

When Standard & Poor’s Corp. downgraded its rating on more than $100 million worth of Sarasota County’s environmentally sensitive land bonds last month, the ratings agency missed one critical detail.

The program had $30 million in cash in the bank — a point Sarasota officials brought home this week at meetings with the credit ratings agency in New York.

That revelation led S&P to reverse itself, saying that it may well upgrade the same bonds it just downgraded.

Full story: Standard & Poor’s may upgrade Sarasota County bonds after downgrade | HeraldTribune.com.