Press Release|Public Finance

KBRA Releases Report Affirming Miami-Dade County Aviation Revenue Bonds at AA-, Stable Outlook

17 Nov 2023   |   New York


On November 16, 2023, KBRA affirmed its long-term AA- rating, with a Stable Outlook assigned to Miami-Dade County, FL's ("the County's") outstanding Aviation Revenue Bonds. The Miami-Dade Aviation Department ("the Department"), an enterprise fund of the County, operates Miami International Airport ("MIA"), along with three general aviation airports and a training airport. Aviation Revenue Bonds are special obligations of the County, payable primarily from Net Revenues derived from the Department's operation of MIA.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1002724

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