Byron B. Badger, Vice President & Chief Business Officer
Finance New Orleans
Finance New Orleans
Add this issuer to your watchlist to get alerts about important updates.
Moody's Investors Service has upgraded the ratings of the New Orleans Finance Authority, LA Qualified Mortgage Revenue Bonds 2006A to Aaa from A2. Approximately $4.1 million in debt is affected.
RATINGS RATIONALE
The upgrade to Aaa is based on the upgrade of the Guaranteed Investment Contract ("GIC") Provider Bayersiche Landesbank to A1/P-1 Stable. The A1/P-1 rating on the counterparty can support up to a Aaa on the bond program.