Moody's cuts Florida outlook to negative

Moody's Investors Service said it lowered the outlook to negative from stable on the State of Florida's approximately $13 billion of outstanding general obligation bonds and $290 million of certificates of participation.

At the same time, Moody's said it affirmed the Aa1 rating on the G.O. bonds and the Aa2 rating on the certificates of participation.

Moody's also said it assigned an Aa1 rating to the state's $200 million of full faith and credit state board of education public education capital outlay bonds, 2006 series D.

Sale of the bonds is expected on March 25.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.