Moody's Investors Service gave Florida its highest rating, citing the state's "strong fiscal management practices and healthy reserves" as well as its ability to bounce back from hurricanes spawned by climate risk.
The rating agency upgraded Florida's general obligation rating to Aaa from Aa1. Calling Florida's recovery from the worldwide financial recession "sustained and robust," Moody's credited the decline in the state's manageable debt burden plus the fact that Florida took advantage of refunding…
