The legislative action prompted credit-rating agency Fitch Ratings to place a “rating watch negative” on about $1 billion in outstanding district debt, being put on Florida residents' shoulders.
such as members of the Florida legislature who were in favor of the bill, and $50,000 to the campaign of DeSantis. Disney CEO Bob Chapek stated the company would maintain public neutrality on the bill.
The legislative action prompted credit-rating agency Fitch Ratings on Friday to place a “rating watch negative” on about $1 billion in outstanding district debt. Fitch said the debt is expected to be transferred to Orange County and, to a lesser extent, Osceola County. Scores of one or two indicate “no impact on the credit score rating;” a score of three reflects minimal risk; and scores of four and five “indicate that the ESG risk is either an emerging risk or a contributing factor to the credit decision,” according to Fitch’s website.
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