The deal, set to close in the coming weeks, adds a group of capital markets and other market professionals, according to a press release.
Final disclosure standards, still years away, will likely be tailored to the municipal bond market.
A cutback in federal funding for state revolving loans to water utilities is among the things pressuring water utilities in Florida.
The outlook revision to positive from stable is the second this year for the state after Moody's Ratings took similar action in May.
Muni yields have been slow to reprice Federal Reserve expectations, but on Wednesday, they caught up fast, said James Pruskowski, managing director at Hennion & Walsh.
The White House has cut funding to states via curtailed disaster relief, paused infrastructure funding, and changes to the Medicaid program.
