Shreveport, LA GO Bond Rating Outlook Revised To Negative On Lack Of Structural Balance - S&P Global Ratings’ Credit Research

Shreveport, LA GO Bond Rating Outlook Revised To Negative On Lack Of Structural Balance

Shreveport, LA GO Bond Rating Outlook Revised To Negative On Lack Of Structural Balance - S&P Global Ratings’ Credit Research
Shreveport, LA GO Bond Rating Outlook Revised To Negative On Lack Of Structural Balance
Published Oct 29, 2024
2 pages (1281 words) — Published Oct 29, 2024
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Abstract:

DALLAS (S&P Global Ratings) Oct. 29, 2024--S&P Global Ratings revised the outlook to negative from stable and affirmed its 'BBB+' rating on the City of Shreveport, La.'s general obligation (GO) bonds and limited-tax debt outstanding. At the same time, S&P Global Ratings assigned its 'BBB+' long-term rating to Shreveport's anticipated $88 million GO bonds, series 2024. "The outlook revision to negative reflects ongoing uncertainty regarding the city's willingness and ability to establish structural balance and maintain reserves at a level that would support a stable rating," said S&P Global Ratings credit analyst Kristin Button. The GO bonds are secured by an unlimited ad valorem tax on all taxable property within the city. Proceeds will be used to fund construction and

  
Brief Excerpt:

...October 29, 2024 DALLAS (S&P Global Ratings) Oct. 29, 2024--S&P Global Ratings revised the outlook to negative from stable and affirmed its '###+' rating on the City of Shreveport, La.'s general obligation (GO) bonds and limited-tax debt outstanding. At the same time, S&P Global Ratings assigned its '###+' long-term rating to Shreveport's anticipated $88 million GO bonds, series 2024. "The outlook revision to negative reflects ongoing uncertainty regarding the city's willingness and ability to establish structural balance and maintain reserves at a level that would support a stable rating," said S&P Global Ratings credit analyst Kristin Button. The GO bonds are secured by an unlimited ad valorem tax on all taxable property within the city. Proceeds will be used to fund construction and improvements for the police and fire departments. 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...

  
Report Type:

Ratings Action

Issuer
Shreveport
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Shreveport, LA GO Bond Rating Outlook Revised To Negative On Lack Of Structural Balance" Oct 29, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Shreveport-LA-GO-Bond-Rating-Outlook-Revised-To-Negative-On-Lack-Of-Structural-Balance-3276130>
  
APA:
S&P Global Ratings’ Credit Research. (). Shreveport, LA GO Bond Rating Outlook Revised To Negative On Lack Of Structural Balance Oct 29, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Shreveport-LA-GO-Bond-Rating-Outlook-Revised-To-Negative-On-Lack-Of-Structural-Balance-3276130>
  
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