- Language: English
- 52 Pages
- Published: December 2010
- Region: India
Florida's State Board of Education 2011A Refunding Bonds Assigned 'AAA' Rating; Other Ratings Affirmed Nov 11
- Published: November 2011
- Region: Florida
- Standard & Poors
NEW YORK (Standard & Poor's) Nov. 16, 2011--Standard & Poor's Ratings Services has assigned its 'AAA' rating to Florida's State Board of Education capital outlay series 2011A refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating on Florida's parity debt and its 'AA+' rating on the state's appropriation debt. The outlook is stable. "The 'AAA' rating reflects our view of the state's significant progress in restoring structural budget balance, reserves that have been greatly depleted in the past few years but are being replenished, service-based economy, good income levels, and moderately high debt burden," said Standard & Poor's credit analyst John Sugden-Castillo. We understand that management will use bond proceeds to refund all or a portion...
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Action: New Rating
Action: Outlook: Stable
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Research type: News
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