DALLAS — Fitch Ratings has raised its underlying rating on $222 million of debt issued by two New Orleans municipal agencies in recognition of the city’s slow but sustained economic recovery from Hurricane Katrina.

The rating upgrades include a move from BBB to A-minus for $94.7 million of senior-lien special tax bonds issued by the Ernest N. Morial-New Orleans Exhibition Hall Authority and an increase to BBB-plus from BBB-minus for $93.2 million of the authority’s senior-subordinate special tax bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.