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Shreveport, Louisiana; Appropriations; General Obligation May 11

  • ID: 1806342
  • May 2011
  • Region: Louisiana
  • Standard & Poors
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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 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: Full Analysis

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- Shreveport

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