South-Dade Venture Community Development District
CUSIP 837536AR2
- Issue Currency: United States of America Dollars
- Announcement Date: 06-Sep-2018
- News: S&P Global Ratings raised its rating on South Dade Venture Community Development District, Fla.`s special assessment revenue debt one notch to `BBB` from `BBB-` as a result of the application of our under its updated methodology, titled ""Special Assessment Debt,"" published April 2, 2018, on RatingsDirect. The outlook is stable. Non-ad valorem special debt assessments on benefited properties secure the bonds. Miami-Dade County collects the special assessments on the district`s behalf through the uniform collection method. Including revenue from tax certificate sales, the district has consistently collected more than 100% of the annual net assessment levy.