Ratings On Four Classes From Two Louisiana Stranded Cost Securitizations Affirmed At 'AAA (sf)'

OVERVIEW We affirmed our 'AAA (sf)' ratings on four classes of system restoration bonds from two stranded cost securitizations. The affirmations reflect our view of the credit enhancement provided by the true-up mechanisms and reserve accounts, and the servicer's demonstrated servicing ability, per our criteria for stranded costs securitizations. NEW YORK (S&P Global Ratings) May 31, 2018--S&P Global Ratings today affirmed its 'AAA (sf)' ratings on two classes of system restoration bonds from Louisiana Local Government Environmental Facilities and Community Development Authority (LLGEFCDA) (Louisiana Utilities Restoration Corp. Project/Entergy Gulf States Bonds Louisiana LLC) series 2010 and two classes of system restoration bonds from LLGEFCDA (Louisiana Utilities Restoration Corp./Entergy Louisiana LLC) series 2010 (see list). Both transactions are stranded cost securitizations

...OVERVIEW + We affirmed our '### (sf)' ratings on four classes of system restoration bonds from two stranded cost securitizations. + The affirmations reflect our view of the credit enhancement provided by the true-up mechanisms and reserve accounts, and the servicer's demonstrated servicing ability, per our criteria for stranded costs securitizations. NEW YORK (S&P Global Ratings) May 31, 2018--S&P Global Ratings today affirmed its '### (sf)' ratings on two classes of system restoration bonds from Louisiana Local Government Environmental Facilities and Community Development Authority (LLGEFCDA) (Louisiana Utilities Restoration Corp. Project/Entergy Gulf States Bonds Louisiana LLC) series 2010 and two classes of system restoration bonds from LLGEFCDA (Louisiana Utilities Restoration Corp./Entergy Louisiana LLC) series 2010 (see list). Both transactions are stranded cost securitizations backed by system restoration bonds. The affirmed ratings reflect our opinion of: + The true-up mechanisms...

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