S&P downgrades Florida Cat Fund debt
Rating agency Standard & Poor's has lowered its ratings on Florida Hurricane Catastrophe Fund's (FHCF) debt in the wake of the state’s new hurricane reform bill signed into law by Governor Charlie Crist on January 25th.
The Fund provides relief to Florida property insurers for hurricane losses in the form of an opt-in reinsurance-style contract.
The FHCF’s series 2006A revenue bonds have been downgraded to 'AA-' from
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