Louisiana Local Government Environmental Facilities And Community Development Authority's issuance is an ABS transaction backed by storm recovery property. We assigned our preliminary 'AAA (sf)' rating to the tranche A bonds. The preliminary rating reflects our view of the transaction's structure and the tranche's ability to withstand our cash flow stress scenarios, among other factors. NEW YORK (S&P Global Ratings) Dec. 5, 2022--S&P Global Ratings today assigned its preliminary 'AAA (sf)' rating to Louisiana Local Government Environmental Facilities And Community Development Authority's $209.3 million tranche A fixed-rate storm recovery bonds (Louisiana Utilities Restoration Corporation Project/ENO) series 2022. The bond issuance is an ABS transaction backed by storm recovery property. The preliminary rating is based on information as of Dec. 5,
