Fitch Affirms & Removes Certain Louisiana Credits from Rating Watch Negative.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- In conjunction with today's rating actions on the State of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. , Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. also affirms and removes from Rating Watch Negative the underlying ratings on the following state tax-supported bonds. Like the State of Louisiana's 'A' GO ratings, the Rating Outlook is Negative for the debt listed below: State of Louisiana -- $791.6 million gasoline and fuels tax revenue bonds 'A+'. England District Sub-District No. 1 -- $31.8 million revenue bonds, series 2005 (Union Tank Car Co. Facility) 'A-'. Board Of Commissioners of the Port of New Orleans The Port of New Orleans is a port located in New Orleans, Louisiana. It is the 5th largest port in the United States based on volume of cargo handled, second-largest in the state after the Port of South Louisiana, and 12th largest in the U.S. based on value of cargo. -- $17 million special project revenue bonds, series 2005 (State/CG Railway, Inc. project) 'A-'. Louisiana Public Facilities Authority -- $35 million revenue refunding bonds, series 2002 (Medical Center of Louisiana at New Orleans-University Hospital Facility) 'A- '. Fitch originally placed the State of Louisiana on Rating Watch Negative on Sept. 12, 2005. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion