Florida bond rating News

Cash-Flush Florida Tries to Buy Back Its Bonds for First Time

Florida bond investors are about to have an unusual decision to make — whether to sell their debt back to the state that issued the securities in the first place. The state is offering its first ever buyback, or what’s …

Florida Completes $1.2B Revenue Bond Sale

Florida completed a $1.2 billion in revenue bond sale on Feb. 8 issued by the State Board of Administration Finance Corporation, formerly known as the Florida Hurricane Catastrophe Fund (FHCF). The fund is designed to help private insurers pay claims …

S&P Rates Florida Cat Fund Bonds ‘AA-‘

Standard & Poor’s Ratings Services has assigned its “AA-” rating to Florida Hurricane Catastrophe Fund (FHCF), Florida’s $2 billion revenue bonds series 2013A. The outlook is stable, according to the ratings firm. S&P said the bond proceeds are to provide …