Louisiana Local Government Environmental Facilities and Community Development Authority's series 2022A issuance is a transaction backed by system restoration charges. We assigned our ratings to the A1, A2, A3, and A4 tranches of the bonds. The ratings reflect our view of the transaction's structure, money or proceeds related to the system restoration charges, and each tranche's ability to withstand our cash flow stress scenarios, among other factors. NEW YORK (S&P Global Ratings) May 19, 2022--S&P Global Ratings today assigned its ratings to Louisiana Local Government Environmental Facilities and Community Development Authority's sequential-pay fixed-rate system restoration bonds (Louisiana Utilities Restoration Corporation Project/ELL) series 2022A (see list). The bond issuance is a transaction backed by system restoration charges. The ratings reflect: The
