Moody's assigns initial A2 rating to Youngsville Sales Tax District No. 1, LA's Revenue Bonds and initial A2 issuer rating to City of Youngsville, LA - Moody's Global Credit Research

Moody's assigns initial A2 rating to Youngsville Sales Tax District No. 1, LA's Revenue Bonds and initial A2 issuer rating to City of Youngsville, LA

Moody's assigns initial A2 rating to Youngsville Sales Tax District No. 1, LA's Revenue Bonds and initial A2 issuer rating to City of Youngsville, LA - Moody's Global Credit Research
Moody's assigns initial A2 rating to Youngsville Sales Tax District No. 1, LA's Revenue Bonds and initial A2 issuer rating to City of Youngsville, LA
Published May 26, 2023
5 pages (2407 words) — Published May 26, 2023
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Youngsville (City of) LA; Youngsville Sales Tax District No. 1, LA
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Youngsville (City of), LA: New issuer - Credit Opinion – 2023/05/30 – US$ 250.00 – ...The City of Youngsville, LA's (A2) credit profile benefits from a rapidly growing population and strong resident wealth indicators that have supported consistently strong revenue performance. The city also benefits from below median leverage which is expected to remain manageable. While growth within the city has remained strong, the city's credit profile is constrained by slow economic growth throughout the region, reliance on economically sensitive sales tax revenue, as well as financial reserves that are significantly below the median as a result of recent spend downs for capital outlay. On May 26, we assigned an initial A2 issuer rating to the city and an initial A2 special tax rating to Youngsville Sales Tax District No 1, LA's Series 2023 sales tax revenue bonds....

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Moody's assigns initial A2 rating to Youngsville Sales Tax District No. 1, LA's Revenue Bonds and initial A2 issuer rating to City of Youngsville, LA" May 26, 2023. Alacra Store. Jul 19, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-initial-A2-rating-to-Youngsville-Sales-Tax-District-No-1-LA-s-Revenue-Bonds-and-initial-A2-issuer-rating-to-City-of-Youngsville-LA-PR_908148089>
  
APA:
Moody's Global Credit Research. (). Moody's assigns initial A2 rating to Youngsville Sales Tax District No. 1, LA's Revenue Bonds and initial A2 issuer rating to City of Youngsville, LA May 26, 2023. New York, NY: Alacra Store. Retrieved Jul 19, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-initial-A2-rating-to-Youngsville-Sales-Tax-District-No-1-LA-s-Revenue-Bonds-and-initial-A2-issuer-rating-to-City-of-Youngsville-LA-PR_908148089>
  
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