The inaugural running of the event was on 28 March 1992 as the
Explosive Bid Handicap named after the 1984 winner of the
Louisiana Handicap, Explosive Bid. In 1994 the event was run in two split divisions. In 1996 the
American Graded Stakes Committee upgraded the event to
Grade III and once more to Grade II in 2001. There was no race in 2006 due to after effects of
Hurricane Katrina which had damaged the Fair Grounds race track and moved the shortened meeting that season to Louisiana Downs. The 2019 winner of the event
Bricks and Mortar continued his successful undefeated season enroute to being crowned
US Champion Male Turf Horse and
US Horse of the Year. In 2020 the conditions of the event were changed from handicap to stakes allowance with the name of the race modified to
Muniz Memorial Classic Stakes. ==Records==