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State Review: Louisiana May 11

  • ID: 1807603
  • May 2011
  • Region: Louisiana
  • Standard & Poors
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FEATURED COMPANIES

  • Deutsche Bank AG
  • Goldman Sachs & Co.
  • Louisiana
  • MORE

Abstract
AA/Stable; $2.29 billion outstanding Standard & Poor's Ratings Services long-term and underlying rating (SPUR) on the State of Louisiana's general obligation (GO) debt is 'AA'. The outlook is stable. The ratings also reflect our view of the state's: Demonstrated willingness to make revenue and expenditure adjustments to correct structural imbalances during the current low stage of its revenue cycle; Economy, which has generally moved in line with the nation as a whole, but with lower-than-average unemployment, despite a below-average demographic profile and concentration in the oil and gas industry; Almost unlimited ability to raise taxes and other revenues due to its sovereign powers and the absence of constitutional revenue raising limits; Strong governmental framework, with a constitutional requirement that budgeted...

Companies mentioned in this report are:
- Louisiana
- Deutsche Bank AG
- Goldman Sachs & Co.

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 READ MORE >

Note: Product cover images may vary from those shown
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- Louisiana
- Deutsche Bank AG
- Goldman Sachs & Co.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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