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State Review: Louisiana May 11 Product Image

State Review: Louisiana May 11

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


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

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 READ MORE >

- Louisiana
- Deutsche Bank AG
- Goldman Sachs & Co.

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