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Article: Fitch Upgrades $61MM in Selected Orleans Parish, Louisiana Credits.
- Article from:
- Business Wire
- Article date:
- April 2, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas -- Fitch Ratings upgrades its ratings on the following credits located in Orleans Parish, Louisiana:
--New Orleans Sewerage and Water Board $24.9 million drainage system bonds upgraded to 'BBB-' from 'BB';
--New Orleans Audubon Park Commission $36.3 million general obligation aquarium bonds upgraded to 'BB+' from 'BB'.
(Note: All outstanding aquarium debt is insured.)
Also, Fitch has affirmed the following New Orleans Sewerage and Water Board ratings:
--$189.5 million sewerage service revenue bonds at 'B';
--$42.5 million water revenue bonds at 'B'.