Birdwatch Note Rating
2022-05-01 20:03:16 UTC - HELPFUL
Rated by Participant: BDA3DB3F29219C1F9BB1E347A9D4A3EFE2E8E3FB66B6E4AD70F15EF41F963515
Participant Details
Original Note:
Independent ratings firm Fitch Ratings clarifies this, stating Reedy Creek's $1B bond indebtedness would be transferred to Orange and Osceola Counties. https://www.fitchratings.com/research/us-public-finance/floridas-reedy-creek-dissolution-bill-heightens-bondholder-uncertainty-28-04-2022 https://www.miamiherald.com/news/politics-government/state-politics/article260873762.html To pay for the bond service and principal, the money would need to come from either sales, property or gas/use taxes. https://www.occompt.com/download/Comprehensive%20Annual%20Financial%20Reports/ACFR_2021.pdf
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