---
title: "标普因 “结构性不平衡运营” 下调了新奥尔良的信用评级"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/282112069.md"
description: "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"
datetime: "2026-04-09T00:32:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282112069.md)
  - [en](https://longbridge.com/en/news/282112069.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282112069.md)
---

# 标普因 “结构性不平衡运营” 下调了新奥尔良的信用评级

New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that **S&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&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.

"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," S&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.

The analysts continued, "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."

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:

-   Helena Moreno, 2026 to present, Democrat
-   LaToya Cantrell, 2018 to 2026, Democrat
-   Mitch Landrieu, 2010 to 2018, Democrat
-   Ray Nagin, 2002 to 2010, Democrat, after previously switching from the Republican Party
-   Marc Morial, 1994 to 2002, Democrat
-   Sidney Barthelemy, 1986 to 1994, Democrat
-   Ernest N. Morial, 1978 to 1986, Democrat
-   Moon Landrieu, 1970 to 1978, Democrat

S&P Global Ratings analysts noted that although the city expects balanced operations in 2027, "**given the city's significant budget and operational challenges, achieving structural balance could take longer**."

**For some history**, thelast Republican mayor ofNew Orleans was Benjamin Flanders,who served from 1870 to 1872.

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