Fitch Ratings last week removed the negative rating watch on $99 million of revenue bonds that financed public improvement projects in Bossier City. The outlook is now stable.
The debt was issued in 2007 by the Louisiana Government Environmental Facilities and Community Development Authority. The 2007 bonds are rated A-plus by Fitch and Standard & Poor’s and A2 by Moody’s Investors Service. The debt is supported by annual appropriations by the city from a broadly defined range of available funds.