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CFO Jimmy Patronis: Florida’s AAA Credit Rating Reaffirmed by S&P Global

11/10/2021


 TALLAHASSSE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis released the following statement on S&P Global reaffirming Florida’s 'AAA' rating with a stable outlook.
 
CFO Jimmy Patronis said, “Florida’s outstanding Triple-A bond rating was reaffirmed today by top credit rating agency S&P Global. This is a tremendous accomplishment and underscores the prudent financial management and hard work of so many to maintain a strong economy during the unprecedented impacts of the COVID-19 pandemic. A great state credit rating creates a huge savings to Florida taxpayers and helps ensure the strong financial footing of our state. Florida has shown time and time again that we’re going to live within our means and support economic drivers like tourism, transportation and small businesses. While other states searched for ways to lockdown during the pandemic and stifle their economies with burdensome mandates, Florida has persevered and thrived.
 
“Thank you to Governor Ron DeSantis for pushing forward measures to protect our communities and businesses, providing vaccination and therapeutic options to battle the pandemic while safely reenergizing our economy, supporting businesses, and saving Florida jobs.”
 
S&P Global stated, “With 2022 in sight, Florida's economic outlook continues to surprise to the upside from our initial expectations following the onset of the pandemic more than a year ago.”
 
The credit rating agency also contended that Florida is well positioned to continue to benefit from economic recovery.
 
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About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).