New Orleans RTA receives an A+ positive from S&P Global, Inc.
- September 26th, 2022
Today, the New Orleans Regional Transit Authority (RTA) received an A+ positive long-term rating from S&P Global. S&P Global revised the previous outlook from A+ stable to A+ positive based on sales tax revenue bonds outstanding. The rating could be raised in two years based on S&P Global’s belief that recovered pledged revenues will remain stable, supporting strong coverage and liquidity.
The rating further reflects RTA’s strong to very strong economic fundamentals, stemming from a deep and diverse economy that is recovering from the COVID-19 pandemic. With historical low volatility in nationwide sales taxes, the agency has an overall general creditworthiness based on sales tax revenue bonds.