OVERVIEW Louisiana Local Government Environmental Facilities and Community Development Authority's EGSL series 2014 issuance is an ABS transaction backed by system restoration charges. We assigned our 'AAA (sf)' rating to the class A1 bonds. The rating reflects our view of the trust's structure and the length of time between each tranche's expected and the class' ability to withstand our cash flow stress scenarios, among other factors. NEW YORK (Standard&Poor's) Aug. 6, 2014--Standard&Poor's Ratings Services today assigned its 'AAA (sf)' rating to Louisiana Local Government Environmental Facilities and Community Development Authority's $71 million Louisiana Utilities Restoration Corp. Project/ EGSL series 2014 system restoration bonds. The bond issuance is an asset-backed securities transaction backed by system restoration charges.
