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Financial adviser: Deerfield Beach holds AA ratings and has debt capacity, but affordability should guide CIP decisions
Summary
Davenport adviser Ted Cole told the commission the city has solid AA/AA+ ratings, manageable tax‑supported and utility debt, and capacity to issue more debt — but urged matching capital plans to funding and highlighting affordability and reserve policy.
Davenport municipal adviser Ted Cole told the Deerfield Beach City Commission that the city's credit profile is strong and that the community has room to issue additional debt for capital projects — provided elected officials weigh affordability and reserve policy.
Cole summarized recent rating agency actions and measures: Fitch upgraded Deerfield Beach to AA+ in August 2024; Standard & Poor's holds a AA rating; Moose (Moody's) no longer rates the city. He said the city's tax‑supported debt totaled roughly $70 million at the close of…
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