- Published: May 2012
Summary: Miami Beach, Florida; Water/Sewer Nov 11
- Published: November 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to the City of Miami Beach, Fla.'s series 2011A stormwater revenue bonds and series 2011B stormwater revenue refunding bonds. The rating reflects what we view as the city's: Location and role in the deep and diverse Miami metropolitan statistical area (MSA); Overall strong financial position, as evidenced by good historical coverage of annual debt service and a strong liquidity position bolstered by unrestricted cash levels and a rate stabilization fund (even though the city plans to spend down some reserves in the next six fiscal years); and Rate autonomy that has led to timely rate increases in the past few years, with the need for future rate increases...
Companies mentioned in this report are: Miami Beach
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
|Electronic||The report will be emailed to you.|