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Fitch Rates South Florida Water Management District's COPS 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA-' rating to the following South Florida Water Management District (SFWMD or the district) certificates of participation (COPs): --$418.1 million COP), series 2015. The COPS are scheduled for a negotiated sale on June 23. Proceeds will be used to refund outstanding COPS for debt service savings. In addition, Fitch affirms the following district ratings: --$466.9 million COPs, series 2006 at 'AA-'; --$6.7 million special obligation land

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