Fitch Affirms Miami Lakes, FL's IDR (Issuer Default Rating), Special Obligation Bonds at 'AA+"
MIAMI LAKES, FL – For three consecutive years Miami Lakes has maintained it’s ‘AA+’ rating for special obligation bonds after the biannual independent review on the Town’s fiscal and budgeting policies by Fitch Ratings.
Fitch is one of three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission. Fitch Ratings create value beyond the rating by bringing informed perspective to the United States.
Nearly 90% of the world’s largest institutional investors routinely turn to Fitch Ratings for in-depth analysis, comprehensive research and easily understood criteria for rating state and local governments, public housing, higher education, healthcare, public power, and public transportation bonds. Fitch Ratings' long-term credit ratings are assigned on an alphabetic scale from 'AAA' to 'D'.
For the Rating Action Commentary visit https://www.miamilakes-fl.gov/fitch2020.