About

News Story

Moody's upgrades to Aaa the rating of New Orleans Finance Authority, LA Qualified Mortgage Revenue Bonds 2006A

View All News & Events
News

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.

View Article