For Immediate Release
December 15, 2014
Contact: Nicole Lesson
Miami Lakes, FL - Town of Miami Lakes maintained it’s ‘AA’ rating for special obligation bonds after the biannual independent review on the Town’s fiscal and budgeting policies by Fitch Ratings.
Fitch is one of three nationally recognized statistical rating organizations (NRSRO) designated by the US Securities and Exchange Commission. Fitch Ratings create value beyond the rating by bringing informed perspective to the US public finance sector.
"I am pleased that Fitch has affirmed an ‘AA’ rating to the TOML Special Obligation Bond,” said Mayor Wayne Slaton. “The Town Council along with our Town Administration practice conservative budgeting along with excellent fiscal expense management. Receiving this high rating shows that the Town of Miami Lakes is financially sound."
Nearly 90 percent of the world’s largest institutional investors routinely turn to Fitch Ratings for in-depth analysis, comprehensive research and easily understood criteria for rating state and local governments and public bonds. Fitch Ratings' long-term credit ratings are assigned on an alphabetic scale from 'AAA' to 'D',
For comparison, please see below the ratings for neighboring municipalities in Miami-Dade County:
Miami Gardens- A