KBRA Releases Report Assigning AA-, Stable Outlook to Miami-Dade County, FL Aviation Revenue Bonds

On June 25, 2024, KBRA assigned a long-term rating of AA- to Miami-Dade County, FL ("the County") Aviation Revenue Refunding Bonds, Series 2024A (AMT) and Series 2024B (Non-AMT). KBRA additionally affirmed the long-term AA- rating on outstanding Aviation Revenue Bonds previously issued by the County. The Outlook is Stable.

The Miami-Dade Department of Aviation ("the Department" or MDAD), an enterprise fund of the County, operates Miami International Airport ("the Airport" or MIA), three general aviation airports, and a training airport. Aviation Revenue Bonds are special obligations of the the County, payable primarily from Net Revenues derived from the Department's operation of MIA.

To access rating and relevant documents, click here.

Click here to view the report.