BRADENTON, Fla. — The recent adverse determination by the Internal Revenue Service regarding the Village Center Community Development District in central Florida will not impact other Village CDD bonds that Fitch rates, the rating agency said in a special comment Wednesday.
Fitch assigns an A rating, and stable outlook, to the special assessment bonds sold by Village CDD No. 5 and Village CDD No. 6. Those districts had $40.7 million and $86.2 million of outstanding bonds at the end of fiscal 2012.