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Shreveport, Louisiana; Appropriations; General Obligation May 11 Product Image

Shreveport, Louisiana; Appropriations; General Obligation May 11

  • Published: May 2011
  • Region: Louisiana
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Shreveport, La.'s series 2011 general obligation (GO) bonds. In addition, Standard & Poor's affirmed it's 'A+' long-term and underlying rating (SPUR) on the city's outstanding GO debt. Finally, Standard & Poor's affirmed its 'A' SPUR on the city's existing appropriation debt. The outlook on all bonds is stable. Standard & Poor's considers debt secured by lawfully available revenues to be equivalent to an appropriations pledge, and therefore, rates the outstanding appropriation debt one notch below the city's 'A+' GO rating. We believe the ratings reflect the city's: Role as a regional economy, which is reflected in very strong per capita retail sales; Service sector-based economy centered on retail trade,...

Companies mentioned in this report are: Shreveport
Action: New Rating

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 READ MORE >

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