Moody's Downgrades to A1 and Affirms VMIG 1 Sunshine State's LOC-Backed Series 2010 A & B
New York, December 13, 2016-- Moody's Investors Service has downgraded to A1 from Aa1 the long-term ratings and affirmed the VMIG 1 short-term ratings of the letter of credit backed Sunshine State Governmental Financing Commission Multimodal Revenue Bonds Series 2010 A and Series 2010 B in connection with the substitution of the existing letter of credit from Bank of New York Mellon with the substitute letter of credit provided by MUFG Union Bank, N.A.. The ratings are based upon...
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