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Old Posted Sep 11, 2019, 4:29 PM
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Join Date: Aug 2003
Location: New Orleans
Posts: 6,170
Originally Posted by sguil1 View Post

New Orleans' credit rating ticked up on Tuesday when Moody's upgraded its evaluation of the city's creditworthiness.

The bond rating company upgraded the city's rating from AA3 to AA2. The new score is the third-highest rating the company gives.

It's the latest in a series of upgrades the city has seen in recent years from Moody's and other credit rating firms.

A credit rating upgrade means the firm views the city's bonds as safer for investors, which can lower the amount the city will have to pay in interest when it sells new bonds.

The timing of this increase is particularly important because the city plans to issue about $50 million in bonds this year and is seeking voters' permission to issue another $500 million in debt in coming years.
Always good to see since that saves us money on interests carry.
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