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Upgrades underscore Miami's financial turnaround.(News & Numbers)(Brief Article)
Citing a strong level of financial reserves, ongoing financial management improvements, and strong economic growth, Standard and Poor's in February upgraded its rating on Miami's outstanding general obligation debt three notches--to A+ from BBB+. Just days later, Fitch ratings upgraded the city's general obligation bonds to A- from BBB+. City officials said the S&P rating could be its highest ever, and puts Miami on par with other large cities.
"The city has continually adjusted its management structure and formalized fiscal policies over the past seven years, which should provide greater fiscal stability in the future regardless of changes in the political environment," said S&P analyst Robin Prunty.
The upgrades cap a remarkable financial recovery by a city that saw its ratings fall to junk status in 199G, when the state appointed a financial oversight board to ...
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...Miami Sports and Exhibition Authority and the Miami City Commission in the past two weeks, said Otto Bondet-Murias, an adviser to Miami City Manager Joe Arriola. Miami city officials expect the arena's sale to close by...
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- Miami & the Florida Keys Alive Simundson, Lisa January 1, 2001 700+ words
...Office 900 NE 167th Street North Miami Beach [telephone] 305-947-9001...emergencies) 4560 NW 7th Street Miami (airport area) [telephone] 305...Harbour [telephone] 305-866-5000 City of Miami [telephone] 305-579-6111 Coral...
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By Cindy Krischer Goodman, The Miami Herald Knight Ridder/Tribune Business...law firms. So why not open an office in Miami? Lawyers at Morgan Lewis & Bockius...renting office space. Along the way, the Miami office of Morgan Lewis has endured some...
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- Press release article from: PR Newswire May 11, 2009 700+ words
...bringing Pow Wow to the city. "Miami is a truly global community...ground transportation. Miami officials made the change to reflect the city's burgeoning green initiatives...prestigious designation. The City of Miami has launched a number of...
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- Newspaper article from: Knight Ridder/Tribune Business News May 9, 2002 700+ words
...Ridder/Tribune Business News May 9--The Miami Beach City Commission postponed its vote Wednesday on paying...Wednesday's meeting. The program would make Miami Beach the only Miami-Dade city to offer companies cash to move there, according...
Source: HighBeam Research, Upgrades underscore Miami's financial turnaround.(News &...