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Fitch also affirmed the GOAA's AA-minus rating on $1.8 billion of outstanding senior lien airport facilities revenue bonds and A-plus on $867 million of subordinate lien airport facilities revenue bonds.
November 21 -
Year-to-date, MIA has seen passengers levels at 113% of pre-COVID 19 levels, boosted by domestic travel, according to a report from BofA Global Research.
November 7 -
The upgrade "reflects a material improvement in the MTA's fiscal outlook, which was largely driven by New York State increasing the maximum rate of the payroll mobility tax," Fitch said.
October 25 -
Ahead of issuance, the city's $40.2 million of general obligation bonds received top marks from Fitch and S&P.
October 19 -
Analysts discussed proposed changes to its metrics that will be finalized in January. An estimated 35% of ratings could experience upgrades or downgrades.
October 13 -
"I am excited to lead the team through what will be an exciting period of growth in public finance," Anjali Sharma said.
October 4 -
S&P said the outlook revision reflects "our view that Pennsylvania has continued to make progress toward structural budgetary balance." Earlier this month, Moody's revised its outlook on the state to positive.
September 22 -
State and local governments showing strength in a time of financial uncertainty
September 21 -
Moody's also affirmed the A3 rating on the MTA's $20.6 billion of transportation revenue bonds.
September 19 -
"Pennsylvania's positive outlook is based on the significant increase in budget reserves over the past three fiscal years to levels consistent with higher-rated peers," Moody's said.
September 8