S&P Global Ratings lowered its long-term rating on School District No. 7 of 2nd Police Jury Ward of Evangeline Parish and 7th Police Jury Ward of Acadia Parish , Louisiana’s general obligation (GO) debt outstanding to'A-'from'A'. The outlook is negative. The downgrade reflects our view of the district’s trend of structural operating deficits with acute reductions in available reserves to nominally low levels, and below the minimum reserve policy. The negative outlook reflects the existence of a credible plan to restore operational balance and improve reserve levels, though uncertainty persists regarding execution of the district’s identified measures amid ongoing enrollment decline and a constrained revenue environment. The downgrade reflects our view of the district’s recent trend of
