🚨 Another Bond Downgrade for New Orleans: All three major credit rating agencies — Moody’s, Fitch, and now S&P — have downgraded the city. While New Orleans remains investment grade, agencies warn more downgrades are coming without stronger fiscal management. ⚠️ Key concerns: • Budget uncertainty • Political infighting • A $125M emergency loan just to make payroll • Risk to future borrowing costs 💰 This comes as the city plans to issue $510M in bonds for infrastructure, drainage, and housing.
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