Local Gov. Environ. Facilities&Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable - S&P Global Ratings’ Credit Research

Local Gov. Environ. Facilities&Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable

Local Gov. Environ. Facilities&Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable - S&P Global Ratings’ Credit Research
Local Gov. Environ. Facilities&Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable
Published Aug 04, 2009
578 words — Published Aug 04, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Aug. 4, 2009--Standard&Poor's Ratings Services raised its long-term rating to 'A+' from 'A' on Louisiana Local Government Environmental Facilities&Community Development Authority's series 2008 revenue bonds, issued for Livingston Parish, La.'s Recreation District No. 2 sports complex project, based on continued economic development and improved financial performance. The outlook remains stable. In our opinion, the rating reflects the parish's: Participation in the diverse Baton Rouge, La.'s metropolitan statistical area; Very strong financial position; and Moderate overall debt levels. We believe these strengths are somewhat offset by the parish's adequate income and market value levels on a per capita basis. The parish's pledge of its lawfully available funds secures the bonds, providing additional

  
Brief Excerpt:

RESEARCH Local Gov. Environ. Facilities & Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable Publication date: 04-Aug-2009 Primary Credit Analyst: Jim Tchou, New York (1) 212-438-3821; jim_tchou@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Louisiana Local Govt Envir Facs Comnty Dev Auth
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Local Gov. Environ. Facilities&Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable" Aug 04, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Local-Gov-Environ-Facilities-Comm-Development-Auth-LA-s-Revenue-Bonds-Raised-To-A-Outlook-Stable-737924>
  
APA:
S&P Global Ratings’ Credit Research. (). Local Gov. Environ. Facilities&Comm. Development Auth., LA's Revenue Bonds Raised To 'A+'; Outlook Stable Aug 04, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Local-Gov-Environ-Facilities-Comm-Development-Auth-LA-s-Revenue-Bonds-Raised-To-A-Outlook-Stable-737924>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.