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La. Bonds Upgraded Again 

  Two weeks ago brought news that Fitch Ratings had upgraded Louisiana's bond rating, and last week offered a follow-up that had state officials crowing. Standard and Poor's Ratings Services assigned Louisiana its "AA-" rating and "stable outlook" for its general obligation bonds — the second upgrade in less than a week's time. The rating on Louisiana's outstanding general obligation debt was "A+" before S&P boosted the ranking of the state's appropriation-backed debt. In September, Commissioner of Administration Angele Davis organized presentations to the nation's top credit-rating agencies. "Through its actions, Louisiana has sent a strong message about our improving business climate and economic success, and the upgrades this week show that the financial community is listening," Davis says. "These affirmations are also an example of how the state's fiscal responsibility has tangible benefits to the tune of several million dollars in taxpayer savings." In related news, Moody's Investors Services also raised the outlook on Louisiana's credit from "stable" to "positive." — Alford


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