KBRA Assigns AA Rating to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A; Outlook is Stable

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA has assigned a long-term rating of AA with a Stable Outlook to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A. Proceeds of the 2024A Bonds will be used, together with other funds, as a source of funds for the Florida Hurricane Catastrophe Fund (“FHCF”) to reimburse participating insurers for insured losses in the State relating to any single hurricane that occurs in the contract year beginning June 1, 2024 and e