OVERVIEW Louisiana Local Government Environmental Facilities and Community Development Authority's series 2010 bond issuance is a securitization of federally taxable system restoration bond collateral related to Louisiana Utilities Restoration Corp. project/Entergy Gulf States Louisiana LLC. We assigned our preliminary ratings to the tranche A-1 through A-3 bonds. The preliminary ratings reflect our view of the borrower's irrevocable statutory rights regarding the SRC and the system restoration bond collateral, the transaction's debt service reserve account, and our cash flow stress scenarios, among other factors. NEW YORK (Standard&Poor's) July 8, 2010--Standard&Poor's Ratings Services today assigned its preliminary ratings to Louisiana Local Government Environmental Facilities and Community Development Authority's $244.1 million system restoration bonds (Louisiana Utilities Restoration Corp. project/Entergy
