S&P rates Florida Hurricane Catastrophe bonds AA-

Standard & Poor's said it assigned an AA- rating to the Florida Hurricane Catastrophe Fund Finance Corp.'s $625 million series 2008A revenue bonds. The outlook is stable.

S&P also affirmed the AA- rating, with a stable outlook, on the company's series 2007A floating-rate notes, series 2006B extendible floating-rate notes and its series 2006A revenue bonds.

Proceeds of the 2008 issue will fund additional covered hurricane losses from the 2005 hurricane season.

© 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.