Miami-Dade County

KBRA raised the airport's outlook to positive last week, citing its improving financial profile and very strong traffic.

Moody's also upgraded other Florida locality bonds recently as a result of a revised cities and counties rating methodology.

The airport reports that both passenger and freight traffic has grown well beyond pre-pandemic levels.

The rating agency's new local government rating criteria led to the higher rating.

Since war broke out on Oct. 7 between Israel and Hamas, over $1.64 billion of Israel bonds have been sold to more than 35 U.S. states, counties, cities and municipalities.

Instead of her original proposal, Miami-Dade County Mayor Levine Cava said she will work toward crafting an even larger bonding plan that will also include money for transit projects.

"Now that the first phase of Miami Worldcenter is complete and the second phase is underway, our team is issuing bonds backed by the TIF package, which will help defray the cost of the improvements made in the district," the development team said.

Separately, Fitch raised Orlando's $159.87 million of Series 2017A senior tourist development tax revenue bonds, 6th-cent contract payments, to A from BBB.

U.S. DOT Deputy Secretary Polly Trottenberg traveled to Miami-Dade County to highlight the $27 million of funding provided under the bipartisan infrastructure law to Miami International Airport's improvement projects.

In her State of the County address, Mayor Daniella Levine Cava unveiled plans to invest in housing, septic to sewer conversions, flood prevention, parks and other infrastructure.