KBRA Releases Rating Report on Miami-Dade County, Florida Aviation Revenue Refunding Bonds Series 2018 A, B and C
NEW YORK--(BUSINESS WIRE)--Aug 2, 2018--On August 1, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- and Stable Outlook to Miami-Dade County, Florida Aviation Revenue Refunding Bonds Series 2018A (AMT), Series 2018B (Non-AMT), and Series 2018C (Taxable). KBRA additionally affirmed the long-term rating of AA- and Stable Outlook on the County’s outstanding Aviation Revenue Bonds. KBRA long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.
The rating actions are based on KBRA’s . KBRA’s rating evaluation of the long-term credit quality of general airport revenue bonds focuses on the following six key rating determinants:Management Economics/Demographics of Service Area Airport Utilization Airport Debt/Capital Needs Airport Finance Legal Mechanics and Security Provisions
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
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Kroll Bond Rating Agency
Harvey Zachem, 646-731-2385
Peter Scherer, 646-731-2325
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Kroll Bond Rating Agency
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PUB: 08/02/2018 11:50 AM/DISC: 08/02/2018 11:50 AM