Fitch Affirms Miami Parking System, FL’s Revenue Rfdg Bonds at ‘A’; Outlook Positive

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed the City of Miami, FL Department of Off-Street Parking’s (DOSP, the department or the authority) approximately $65.04 million of outstanding series 2009 A & B parking system revenue bonds at ‘A’. The Rating Outlook is revised to Positive from Stable. The Positive Outlook reflects a favorable trend in financial strength demonstrated by increasing debt service coverage due to sustained revenue growth and DOSP’s effective cost management. Gi