Louisiana's GO Debt Rating Raised To 'AA' On Demonstrated Willingness To Correct Budgetary Imbalances May 11
Standard & Poors, May 2011
Abstract
DALLAS (Standard & Poor's) May 4, 2011-- Standard & Poor's Ratings Services raised its long-term and underlying rating (SPUR) to 'AA' from 'AA-' on the State of Louisiana's general obligation (GO) debt. The outlook on all bonds is stable. "The raised rating reflects our view that the state has demonstrated a willingness to make adjustments to its revenues and expenditures to correct any budgetary structural imbalances during the current low stage of its revenue cycle," said Standard & Poor's credit analyst Sarah Smaardyk. "The rating is further strengthened by the state's almost unlimited ability to raise taxes and other revenues as well as its economy, which has experienced lower-than-average unemployment compared to the nation." "We do not expect to change...
Companies mentioned in this report are:
- Louisiana
Action: Outlook: Stable
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Louisiana
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