S&P downgrades water district

  • By Business Observer Staff
  • | 4:13 p.m. August 17, 2011
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Less tax revenue to spend translated into a credit downgrade by ratings agency Standard and Poor's for the South Florida Water Management District recently. S&P lowered the credit rating for the district from AAA to AA+ following a review taking into account the $120 million reduction imposed by the Florida Legislature and supported by Gov. Rick Scott.

 

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