OREANDA-NEWS. S&P Global Ratings Services assigned its 'A-' long-term rating to Stonebrier Community Development District, Fla.'s 2016 assessment refunding bonds. The outlook is stable.

"The 'A-' rating incorporates our view of the district's complete development status, the assessment area's very low concentration of the top 10 assessment payers, and the district's inclusion in the broad and diverse Tampa metropolitan statistical area," said S&P Global Ratings credit analyst Randy Layman.

The 2016 bond proceeds will be used to refund all of the district's series 2006 special assessment bonds for level debt service savings with no extension of maturity.

The stable outlook reflects S&P Global Ratings' opinion that special assessment collections will likely remain sufficient to pay debt service over the two-year outlook horizon.