Moody's Investors Service has assigned a Aa3 rating to the city of Port St. Lucie, Fla.'s $55.2 million general obligation bonds, Series 2013, and downgraded $84.3 million of outstanding general obligation bonds to Aa3 from Aa2 (includes portions of pre-refunding Series 2005 general obligation bonds), and $179.9 million of certificates of participation and non-ad valorem backed conduit, lease (pre-refunding Wyndcrest Project bonds) and special assessment debt to A1 from Aa3.

The outlook is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.