Fitch Upgrades Florida's $11 Billion of GOs to AA-Plus

Sigo, Shelly
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p33
Trade Publication
The article reports that Fitch Ratings Inc. on Thursday upgraded Florida's more than $11 billion of general obligation debt to AA-plus from AA. It represents the state's third rating upgrade in less than two months. Fitch also assigned the new AA-plus rating to the state's upcoming sale of $371.8 million of state board of education public education capital outlay refunding bonds, which are backed by Florida's full faith and credit. The PECO bonds, 2005 Series C, are expected to sell competitively soon.


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