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Pharma Investments, Ventures & Law Weekly

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Fitch Ratings



Fitch Rates Industrial Development Board of New Orleans Revs 'A' Underlying



October 19th, 2008

Fitch assigns an underlying rating of 'A' to $150 million Industrial Development Board of the City of New Orleans, Louisiana, Inc. State of Louisiana annual appropriation obligation revenue bonds (New Orleans Federal Alliance Project) series 2008. The first series of bonds for this project, $50 million series 2008A, is scheduled to sell in early October through negotiation. The bonds may be sold with credit enhancement. Fitch also affirms its 'A' ratings on outstanding Louisiana appropriation-backed bonds, as well as the 'A+' rating on outstanding state general obligation (GO) bonds. The Rating Outlook is Stable.

The 'A' rating is based on the credit quality of the...


Source: Pharma Investments, Ventures & Law Weekly (2008-10-19)

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