<div id="readability-page-1"><div>New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&amp;P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook.S&amp;P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs.&#34;The downgrade and negative outlook reflect the city's structurally imbalanced operations, declining reserves and liquidity, and need to rely on multiple one-time measures to meet short-term cash needs, including additional borrowing for operating liquidity,&#34; S&amp;P Global Ratings analysts Alex Louie and Sarah Sullivant wrote in the report.The downgrade serves as a warning of worsening fiscal strain, with the city projecting a $160 million deficit in fiscal 2025 and continuing to rely on stopgap measures, including borrowing to maintain operating liquidity, tapping external funds, and maintaining hiring freezes and furloughs.<img width="500" height="305" src="https://imageproxy.pbkrs.com/https://www.zerohedge.com/_next/image/query-cT03NSZ1cmw9aHR0cHM6Ly9hc3NldHMuemVyb2hlZGdlLmNvbS9zM2ZzLXB1YmxpYy9pbmxpbmUtaW1hZ2VzLzIwMjYtMDQtMDhfMTMtMzEtMzcucG5nJnc9MTkyMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.zerohedge.com/_next/image/query-cT03NSZ1cmw9aHR0cHM6Ly9hc3NldHMuemVyb2hlZGdlLmNvbS9zM2ZzLXB1YmxpYy9pbmxpbmUtaW1hZ2VzLzIwMjYtMDQtMDhfMTMtMzEtMzcucG5nJnc9MTkyMA"/>The analysts continued, &#34;Despite these measures, we believe the city still faces substantial challenges in achieving those goals and has a history of management projections not meeting actual audited results.&#34;<img width="500" height="332" src="https://imageproxy.pbkrs.com/https://www.zerohedge.com/_next/image/query-cT03NSZ1cmw9aHR0cHM6Ly9hc3NldHMuemVyb2hlZGdlLmNvbS9zM2ZzLXB1YmxpYy9pbmxpbmUtaW1hZ2VzL05ldy1PcmxlYW5zLTQzLXNjYWxlZC5qcGcmdz0xOTIw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.zerohedge.com/_next/image/query-cT03NSZ1cmw9aHR0cHM6Ly9hc3NldHMuemVyb2hlZGdlLmNvbS9zM2ZzLXB1YmxpYy9pbmxpbmUtaW1hZ2VzL05ldy1PcmxlYW5zLTQzLXNjYWxlZC5qcGcmdz0xOTIw"/>In February, Moody's downgraded the city's credit rating by two notches to the bottom of investment grade and warned investors about risks to future bond sales amid a budget crisis.New Orleans' rapidly deteriorating credit profile comes as no surprise, given that Democrats have governed the metro area for a generation.Here is the list of the mayors:<ul><li>Helena Moreno, 2026 to present, Democrat</li><li>LaToya Cantrell, 2018 to 2026, Democrat</li><li>Mitch Landrieu, 2010 to 2018, Democrat</li><li>Ray Nagin, 2002 to 2010, Democrat, after previously switching from the Republican Party</li><li>Marc Morial, 1994 to 2002, Democrat</li><li>Sidney Barthelemy, 1986 to 1994, Democrat</li><li>Ernest N. Morial, 1978 to 1986, Democrat</li><li>Moon Landrieu, 1970 to 1978, Democrat</li></ul>S&amp;P Global Ratings analysts noted that although the city expects balanced operations in 2027, &#34;given the city's significant budget and operational challenges, achieving structural balance could take longer.&#34;For some history, thelast Republican mayor ofNew Orleans was Benjamin Flanders,who served from 1870 to 1872.</div></div>

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标准普尔全球评级已将新奥尔良的普通债务评级下调至 BBB+，前景为负面，原因是财政结构失衡以及预计 2025 财年将出现 1.6 亿美元的赤字。该市在实现财政稳定方面面临挑战，依赖一次性措施和借款来维持流动性。这是在穆迪之前的降级之后，突显出在数十年的民主党治理下持续的财政压力。分析师对该市在 2027 年前实现收支平衡的能力表示怀疑，原因是面临重大预算挑战

S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"

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标普因 “结构性不平衡运营” 下调了新奥尔良的信用评级