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Fitch cuts Miami-Dade water, sewer debt ratings
February 1, 2013 / 8:11 PM / 5 years ago

Fitch cuts Miami-Dade water, sewer debt ratings

MIAMI, Feb 1 (Reuters) - Fitch Ratings on Friday downgraded its credit rating on $1.9 billion of water and sewer revenue debt issued by Florida’s Miami-Dade County to A plus from AA minus.

The credit agency said the water system faced declining margins and large capital needs, according to a news release.

“The rating outlook is stable,” Fitch said.

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