Raters Give Single A to Louisiana's 1st Post-Hurricane GOs

DeSue, Tedra
June 2006
Bond Buyer;6/23/2006, Vol. 356 Issue 32409, p4
Trade Publication
The article reports on the rating assigned by credit rating agencies Fitch Ratings Inc. and Standard & Poor's Corp. to Louisiana's first general obligation bond deal since hurricanes Katrina and Rita. Both raters assigned A ratings to the deal which will be used to provide funds for local governments affected by the hurricanes. Fitch decided not to downgrade the state, but instead left in place a negative outlook. In addition, it noted that the bonds are expected to be sold with credit enhancement.


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