Florida's Public Education Capital Outlay 2013B Refunding Bonds Rated 'AAA'; State Parity Debt Rating Affirmed At 'AAA' Feb 13
- Language: English
- Published: February 2013
- Region: Florida
NEW YORK (Standard & Poor's) Feb. 4, 2005Standard & Poor's Ratings Services assigned its 'AA+' rating to Florida's $351.275 million full faith and credit state board of education public education capital outlay refunding bonds series 2005B, and affirmed its 'AA+' rating on the state's outstanding general obligation debt. The rating reflects the state's strong financial reserve levels despite steady expenditure pressures, strong revenue performance, economic growth that continues to outpace the national economy, solid economic growth prospects over the long term, average income levels, and moderate debt burden. The outlook is stable based on the state's strong track record of active budget management and consistent budgetary reserves. The state's full faith and credit pledge secures the series 2005B bonds. Gov....
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Action: Outlook: Stable
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