NEW ORLEANS –The New Orleans Regional Transit Authority (RTA) has maintained an Aa3 rating (stable Outlook) by Moody’s Investor Services. The rating establishes that RTA bonds are investment grade quality in comparison to non-investment or junk status. The rating provides an independent evaluation that the RTA operates with sound standard operating procedures and has the financial resources pledged to repay bond debt obligations.

While the economic downturn of COVID-19 has greatly impacted the agency financially, the credit rating shows that RTA is stable. The Aa3 rating will help establish the interest range that the RTA’s bonds will be sold in the market.

###