Louisiana Local Government Environmental Facilities And Community Development Authority's series 2023 issuance is an ABS transaction backed by system restoration property. We assigned our preliminary 'AAA (sf)' ratings to the tranche A-1, A-2, and A-3 bonds. The preliminary ratings reflect 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) March 14, 2023--S&P Global Ratings today assigned its preliminary 'AAA (sf)' ratings to Louisiana Local Government Environmental Facilities And Community Development Authority's tranche A-1, A-2, and A-3 sequential-pay fixed-rate system restoration bonds (Louisiana Utilities Restoration Corp. Project/ELL) series 2023. The bond issuance is an ABS transaction backed by system restoration property. The preliminary ratings are
