NEW YORK--(BUSINESS WIRE)--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 U.S. General Airport Revenue Bond Rating Methodology. KBRA’s rating evaluation of the long-term credit quality of general airport revenue bonds focuses on the following six key rating determinants:
- 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.