S&P Global Ratings lowered its long-term rating on the Louisiana Local Government Environmental Facilities and Community Development Authority ’s bonds, issued for The City of Monroe , Louisiana, to ‘A+’ from ‘AA-’. The outlook is stable. The downgrade reflects our expectation for a decline in reserves in fiscal 2026 alongside operational risk in the city’s enterprise funds, and deteriorating debt metrics driven by the 2026 sales tax bond issuance and further borrowing anticipated for fiscal 2027. Monroe is the obligor for the bonds, which are secured by the city’s lawfully available funds, which means collectively the funds, income, revenue, fees, receipts, or charges of any nature from any source whatsoever on deposit with or accruing from time to time to
