{"id":90507,"date":"2025-12-20T14:26:24","date_gmt":"2025-12-20T14:26:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/90507\/"},"modified":"2025-12-20T14:26:24","modified_gmt":"2025-12-20T14:26:24","slug":"floridas-brightline-municipal-bonds-downgraded-five-notches-by-sp","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/90507\/","title":{"rendered":"Florida&#8217;s Brightline Municipal Bonds Downgraded Five Notches by S&#038;P"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/1065649D:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Brightline Trains Florida LLC<\/a>  \u2014 the struggling private rail line connecting Orlando to Miami \u2014 was downgraded five notches by S&amp;P Global Ratings, citing a \u201cmaterial deviation\u201d from growth expectations in the second half of this year and higher probability of default by January 2027.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">S&amp;P <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T7IUN31M4Y68\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">loweredBloomberg Terminal<\/a> the unenhanced and underlying ratings on $2.2 billion of <a href=\"https:\/\/www.bloomberg.com\/quote\/340618DV@BVAL:Muni\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">senior secured debt<\/a> to CCC from BB-. About $1.1 billion of those bonds are insured with an AA rating, based on Assured Guaranty\u2019s credit grade.<\/p>\n","protected":false},"excerpt":{"rendered":"Brightline Trains Florida LLC \u2014 the struggling private rail line connecting Orlando to Miami \u2014 was downgraded five&hellip;\n","protected":false},"author":2,"featured_media":90508,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[36020,41042,11563,741,48833,28,30,29,33897,3741,17315,123,139],"class_list":{"0":"post-90507","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-florida","8":"tag-automotive","9":"tag-bonds","10":"tag-debt","11":"tag-finance","12":"tag-fixed-income","13":"tag-florida","14":"tag-florida-headlines","15":"tag-florida-news","16":"tag-industries","17":"tag-infrastructure","18":"tag-markets","19":"tag-miami","20":"tag-orlando"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/90507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=90507"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/90507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/90508"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=90507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=90507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=90507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}