Standard & Poor's Ratings Services said it has assigned its A-plus rating, with a stable outlook, to North Miami Beach's series 2012 utility system revenue refunding bonds, and raised its rating on the series 2002B bonds issued by the Florida Municipal Loan Council to A-plus from A.

These bonds are secured by payments from North Miami Beach; however, these will be entirely refunded with proceeds of the 2012 utility system bonds.

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