Economic Impact from Hurricane Ida Expected to be Modest, Municipal Credit Impact Likely to be Minimal
08/30/2021
Hurricane Ida made landfall as a category 4 storm near New Orleans, Louisiana, 16 years to the day after Hurricane Katrina slammed into the gulf region in 2005.
Over the weekend, President Biden declared a major disaster in Louisiana and approved an emergency declaration in Mississippi.
The economic impact from Hurricane Ida is expected to be modest compared to Katrina. We are also expecting very little credit impact to public finance entities as a result of the storm.