Florida

The muni market saw $507.585 billion of debt issued in 2024, up 31.8% from $385.061 in 2023. This surpasses the previous record of $484.601 billion in 2020 by more than $20 billion, per LSEG data.

The challenge to the 2022 approval of bonds for a PACE program could "catastrophically undermine" the finality of all Florida bond validations, the agency said.

Despite the approval, hurdles remain, including the team's request for more money from the government, which they say delayed approval of the bonds, leading to additional construction costs.

Something less than $400 million of the bonds will be taxable bonds.

Pinellas County still needs to approve more than $300 million in bonds of its own for the stadium and redevelopment.

Nonprofit Provident Resources Group is buying a five-year old student housing building that serves the University of Central Florida and Valencia College.

The agency cited the closeness of the entities to Florida's government.

The Fitch Ratings commentary considered ratings of airports in Florida, Nevada and South Carolina, which are most dependent on the airline for passenger traffic.

The baseball team says the county's delays in approving the bonds set back construction and increased the costs.

The agencies cited the authority's strong performance and position.