Monroe Receives Upgrade From Standard & Poor’s

MONROE, La. (AP) — The city of Monroe received a higher bond rating on its 2009 revenue bonds, which Mayor Jamie Mayo says is a good indicator of the city's financial position.

Standard & Poor's Rating Service recently announced it upgraded the city's 2009 revenue bonds from an A rating to A+.

The 2009 revenue bonds involved a $19.25 million bond issue, which helped the city pay for construction of the new Monroe Regional Airport terminal.

Mayo tells The News-Star (http://tnsne.ws/V7gKB2 ) the city's financial advisers frequently look at all the city's bond ratings to determine if there is any opportunity to refinance bonds to get a better interest rate and save the city money.

Over the past year, the city has saved approximately $6 million by refinancing four series of bond issues.