In the latest issue of Focus on Fort Lauderdale published by the City of Fort Lauderdale good news prevailed! Continued confidence in the financial management of the City of Fort Lauderdale by the Wall Street's leading credit rating institutions is resulting in strong bond ratings and an optimistic outlook for the City. The Standard and Poor's (S&P) and Moody's Investors service affirms a dramatic financial rebound from the City's financial difficulties in 2003. S&P's latest reports assigned an AA rating with Moody's providing an Aa2 rating. Such positivity results from bond rating upgrades in 2007 while other cities across the state faced bond downgrades. Sound finances, effective debt service coverage and good liquidity facilitate strong bond ratings translating into savings of mi...
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