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One Year After Katrina: No Giant Strides, Just Baby Steps Aug 06
Standard & Poors, Aug 2006
Abstract
A year after Hurricane Katrina ravaged the Gulf Coast the region has managed to pass some major milestones on its way to becoming whole again. Although the battered areas of Mississippi and New Orleans are far from healthy, we see progress being made-somewhat more in Mississippi than in neighboring Louisiana-as Gulf Coast casinos reopen, rebuilding dollars flow into the region, and anxious Louisiana jurisdictions utilize state aid to help pay their debts. Some improvements in the region are common to both states: Both Mississippi and Louisiana are in the early stages of distributing billions of federal dollars to homeowners, who can use the money to rebuild. Each state also has seen a stronger-than-anticipated growth in tax revenue following the hurricanes,...
Companies mentioned in this report are: New Orleans Avtn Brd,New Orleans Exhib Hall Auth,St. Bernard Parish,New Orleans,Orleans Levee Dist,Orleans Parish Sch Brd,Baton Rouge,Mississippi,Louisiana,Port of New Orleans Brd of Commissioners,Orleans Parish Law Enforcement Dist,New Orleans Hsg Auth
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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