TITLE

Moody's May Upgrade Florida GOs

AUTHOR(S)
Sigo, Shelly
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/23/2004, Vol. 350 Issue 32016, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Moody's Investors Service Inc. placed Florida's Aa2 general obligation bond rating on its watch list for a possible upgrade. Review of the credit focusing on how the state funds a voter mandate to reduce public's school class sizes, how it deals with increasing health care costs and what long-term impact may develop from the hurricanes that hit the state during summer; Total amount in debt affected by the change; Strength of the general fund balance and revenue collections; Reliance on sales and other use taxes to fund the budget.
ACCESSION #
15174312

 

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