Summary: Miami Dade County, Florida; Appropriations; General Obligation; Joint Criteria; Miscellaneous Tax; Moral Obligation Aug 11
- ID: 1858723
- August 2011
- Region: Florida
- Standard & Poors
Standard & Poor's Rating Services has assigned its 'A+' long-term rating to Miami Dade County, Fla.'s series 2011A and 2011B (taxable) capital asset acquisition special obligation bonds. Legally available non ad valorem county revenues secure the bonds, and the county has agreed to budget and appropriate annually sufficient revenues for debt service payment. The outlook is negative. At the same time, Standard & Poor's has affirmed its 'A+' ratings and negative outlook on the county's parity debt and its 'AA-' ratings and negative outlook on the county's general obligation (GO) debt. The ratings reflect our view of the county's: Substantial economic base that serves as an important center for the southeast, and Moderate-to-low overall debt burden. These strengths are constrained...
Companies mentioned in this report are:
- Miami Dade Cnty
Action: New Rating
Action: Outlook: Negative
Action: Outlook: Stable
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