Miami Bond Rating Receives a Strong Upgrade
Miami’s financial future looks bright, according to March 1 report by Moody’s Investors Service. The city’s issuer rating, general obligation limited tax rating and non-ad valorem ratings have all received healthy scores.
Mayor Francis Suarez is excited about the upgraded bond rating. Miami residents can look forward to lower interest rates for sales that are associated with the Miami Forever Bond for protecting against rising sea levels.
The outlook shows the city’s prospectus for maintaining a stable credit profile in the near future due to “tax base growth and satisfactory reserve and cash balances.” Tech businesses like TruckHub will have the opportunity to thrive in this market as the South Florida economy continues to grow in diversity.