Florida

While the outlook revision reflects the view there is a one-in-three chance RCID's credit profile could be positively or negatively impacted, future events remain unclear, said S&P's Christian Richards.

Total April volume was $34.329 billion in 729 deals versus $37.105 billion in 1,124 issues a year earlier.

Credits affected include $766 million of outstanding ad valorem tax bonds, rated AA-minus and $79 million of outstanding utilities revenue and refunding bonds, rated A.

Outstanding governmental debt totals approximately $719 million and utility debt stands at roughly $200 million, according to Fitch Ratings.

The the $389.495 million of tax-exempts were sold late last month to help fund construction of the Broward County Convention Center Headquarters Hotel.

High gas prices usually have the biggest effect on leisure travel because drivers take fewer or shorter trips, Fitch Ratings says.

S&P revised the outlook on Miami Beach to stable from negative and affirmed the AA-minus rating on the city’s resort tax revenue bonds.

Moody’s said MEAG's upgrade reflects the upgrade of Florida’s JEA Electric Enterprise ratings on Monday. JEA is to be a major customer of MEAG's nuclear units.

Moody's said its rating upgrades reflect the Jacksonville, Florida, utility's sound financial performance and governance changes.

Nora Wittstruck, senior director and environmental social and governance sector lead at S&P Global Ratings, talks with Chip Barnett about climate change, sea level rise and how municipalities’ mitigation efforts affect South Florida and other parts of the U.S. (19 minutes)