Fitch rates Miami-Dade County sewer bonds A+

Fitch Ratings said it assigned an A+ rating to Miami-Dade County, Fla.'s $68 million series 2008A and $400 million series 2008B water and sewer system revenue bonds. The outlook is stable.

The bonds are scheduled to price July 10 through negotiated sale.

Proceeds of the series A bonds will be used to pay a portion of the cost to terminate an interest rate swap agreement, and proceeds of the series 2008B bonds will refund outstanding series 1994 parity bonds.

Fitch also affirmed the A+ rating on the county's $1.4 billion parity debt that will remain outstanding.

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