Shreveport, LA GO And Limited-Tax Debt Ratings Outlook Revised To Stable From Negative On Improved Budgetary Performance - S&P Global Ratings’ Credit Research

Shreveport, LA GO And Limited-Tax Debt Ratings Outlook Revised To Stable From Negative On Improved Budgetary Performance

Shreveport, LA GO And Limited-Tax Debt Ratings Outlook Revised To Stable From Negative On Improved Budgetary Performance - S&P Global Ratings’ Credit Research
Shreveport, LA GO And Limited-Tax Debt Ratings Outlook Revised To Stable From Negative On Improved Budgetary Performance
Published Sep 28, 2021
3 pages (1437 words) — Published Sep 28, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

DALLAS (S&P Global Ratings) Sept. 28, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'BBB+' long-term ratings on the City of Shreveport, La.'s general obligation (GO) and limited-tax debt. The GO debt is secured by an unlimited ad valorem tax on all taxable property within the city. Shreveport also has debt secured by a lawfully available funds pledge, which we rate the same as the GO debt because we do not believe there are limitations on the fungibility of resources. "The outlook revision reflects Shreveport's significantly improved budgetary performance and financial flexibility in fiscal 2020, which is expected to continue through fiscal 2021," said S&P Global Ratings credit analyst Kristin Button. In addition, the stable

  
Report Type:

Ratings Action

Issuer
Shreveport
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Shreveport, LA GO And Limited-Tax Debt Ratings Outlook Revised To Stable From Negative On Improved Budgetary Performance" Sep 28, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Shreveport-LA-GO-And-Limited-Tax-Debt-Ratings-Outlook-Revised-To-Stable-From-Negative-On-Improved-Budgetary-Performance-2728566>
  
APA:
S&P Global Ratings’ Credit Research. (). Shreveport, LA GO And Limited-Tax Debt Ratings Outlook Revised To Stable From Negative On Improved Budgetary Performance Sep 28, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Shreveport-LA-GO-And-Limited-Tax-Debt-Ratings-Outlook-Revised-To-Stable-From-Negative-On-Improved-Budgetary-Performance-2728566>
  
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