Florida

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)

Fitch said it expects UT to maintain a strong operating performance that could warrant an upgrade in the next two years.

Ten states, includeing five in the Southeast, pre-pandemic employment levels in January, according to Fitch Ratings. In an update, the U.S. Labor Department reported Florida’s seasonally adjusted unemployment rate fell to 3.3% in February.

Florida's economy is stabilizing from the COVID-19 pandemic, but nature and man may bring other threats to its recovery.

A report from CreditSights says risks will increase for coastal issuers of municipal bonds with increased flooding at high tides and during storms.

Overall volume in the Southeast rose 1.8% last year even as taxable issuance plunged and refunding deals shriveled up.

S&P said the action reflects the Orlando International Airport's financial resilience during the pandemic and its strong passenger recovery trends.

Cancellations due to fears of omicron are putting a damper on cruise bookings, says Fitch's Emma Griffith, who adds there is still a lot of pent-up demand.

A $10.85 million private placement of special assessment revenue bonds for the Ojus Sanitary Sewer Special Benefit Area will foster economic development.

Over the next 10 years, the Division of Bond Finance forecasts about $1.8 billion of net tax-supported debt will be issued, mostly for transportation projects.

Gov. Ron DeSantis’ proposed fiscal 2022-2023 budget is down 1.8% from the previous adopted budget amid generous federal coronavirus relief funding.

Owner Fortress Investment Group can sell short-term debt with proceeds escrowed until the Florida conduit issuer OKs its remarketing as long-term debt.

The municipal market is poised to absorb the late-year burst of supply as market technicals are expected to remain positive through year end.

People flocking to Florida as tourists and residents have bolstered the Sunshine State's economy and its prospects for 2022.