Miami Parking Authority (MPA) announced today that the Board of Directors appointed businessman Marvin Wilmoth as the board’s newest member. He succeeds attorney and longtime board member Marlon Hill. Mr. Wilmoth is the Managing Principal of Intersection Ventures. In that capacity, he serves as a community developer and consultant focusing on housing solutions at the…
Miami Parking Authority (MPA) announced today that Fitch Ratings had upgraded its revenue bonds from ‘A’ to ‘A+’ and determined its rating outlook stable. Fitch’s upgrade reflects MPA’s strong financial metrics and robust revenue performance after the pandemic. Revenue growth was measured by indicators such as positive demographic profile, economic trends, and increased tourism and…
Moody’s upgraded MPA’s credit rating to A1 from A2 with a stable outlook. According to Moody’s, the new rating action reflects the Authority’s relatively small system with a strong demand as the organization is the low-cost parking provider in the city of Miami with rates below nearby private competitors. “I am proud of Moody’s rating action, which is…
