Port of Miami bonds rates ‘A’ – with a warning
Written by Miami Today on August 17, 2021
Citing fundamental operating strength of the Port of Miami, a national rating service last week assigned “A” ratings to clusters of both new and outstanding port bonds, while at the same time issuing a negative outlook for the ratings in the future.
Fitch Ratings assigned the grading to $806.7 million in new bonds being issued by the seaport to lock in historic low interest rates on port debt while shoving much of the repayment off into the future in the wake of the pandemic’s impact.
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