The Real Deal Miami

Stadium bonds get solid rating

May 27, 2009 09:58AM

Miami-Dade County’s plan to borrow the money to pay
for the bulk of the $515 million baseball stadium planned for the Florida
Marlins in the Little Havana neighborhood got approval from three key rating
agencies. Standard & Poor’s, Fitch Ratings and Moody’s Investor Services
all issued investment-grade ratings for the bonds. County Manager George
Burgess reported the agency findings in a recent memo as local leaders hustle
to get plans in place by July 1, a deadline that will lock the county, city of
Miami and the Marlins into the agreement.