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Statement by CFO Jeff Atwater Regarding Fitch’s Report Upgrading Florida’s Outlook

8/23/2013

Contact: Chris Cate
(850) 413-2842
 
TALLAHASSEE – Chief Financial Officer Jeff Atwater today released the following statement regarding the Fitch Ratings Agency report reaffirming Florida’s AAA general obligation bond rating and its revision of Florida’s outlook from “negative” to “stable.” The Fitch report attributes this upgrade to the “established trend of economic stabilization and continued positive financial operations, including the passage of a structurally balanced budget for fiscal [year ending in] 2014.”
 
“Today’s announcement that Florida’s financial future is improving is great news for our state and an affirmation that our efforts to grow the economy, decrease debt and ensure government becomes more accountable to taxpayers are making Florida stronger,” said CFO Atwater. “Floridians should be encouraged by today’s news, but I’m confident that our sound financial practices are going to help us see much greater economic heights in our state.”
 
For more information on the Fitch report, please visit http://www.fitchratings.com/creditdesk/press_releases/detail.cfm?pr_id=800275.
 
Chief Financial Officer Jeff Atwater, a statewide elected official and officer of the Florida Cabinet, oversees the Department of Financial Services including the Division of Insurance Fraud.  CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government; reducing government spending and regulatory burdens that chase away businesses; and providing transparency and accountability in spending.