KBRA Releases Report Assigning AA Rating, Stable Outlook to City of Jacksonville, FL Special Revenue and Refunding Bonds, Series 2024

On August 2, 2024, KBRA assigned a long-term rating of AA to the City of Jacksonville Special Revenue and Refunding Bonds, Series 2024. Concurrently, the long-term rating of AA on the City's outstanding Special Revenue Bonds was affirmed.

The long-term rating of AA was also affirmed on the City's Special Revenue (BJP) Bonds, which are payable from Covenant Revenues and further payable from Infrastructure Sales Tax revenues after satisfaction of the debt service and reserve account funding requirements of the City's Better Jacksonville Bonds.

The Outlook on all bonds is Stable.

To access rating and relevant documents, click here.

Click here to view the report.