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ORANGE CO. (FLA.) TOURIST DEVELOPMENT TAX BONDS RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 ORANGE CO. (FLA.) TOURIST DEVELOPMENT TAX BONDS RATED 'A' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, March 23 /PRNewswire/ -- Orange County, Fla.'s Tourist Development Tax Revenue Bonds are rated 'A' by Fitch. The county will offer $106 million Tourist Development Tax Refunding Revenue Bonds, Series 1992A and $193 million Tourist Development Tax Revenue Bonds, Series 1992 B for sale through negotiation the week of March 30 with PaineWebber Inc.
 The tourist development tax revenue bonds are secured primarily by the taxes levied on hotel rooms, campgrounds, and other short-stay residences in Orange County. The tax's strength is unique to the county, given Orlando's strong tourism and convention drawing power. The county has experienced strong growth in the number of hotel rooms, particularly in the Disney area, and projections indicate further increases on a more widespread basis. However, the tax is recession- sensitive, and revenues have been flat recently, despite room rate reductions. Projections appear reasonable in terms of growth in both rooms and rates. Legal protections are satisfactory. The credit trend is stable.
 -0- 3/23/92
 /CONTACT: Colleen Woodell of Fitch, 212-908-0507/ CO: ST: Florida IN: SU: RTG


KD -- NY067 -- 0724 03/23/92 16:06 EST
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Date:Mar 23, 1992
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/C O R R E C T I O N -- FITCH/(Correction Notice)
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