Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to Louisiana Local Government Environmental Facilities and Community Development Authority's (Louisiana) series 2011 revenue bonds issued on behalf of Louisiana Community and Technical College System's (LCTCS) facilities corporation project. The outlook is stable. The rating reflects Louisiana's general credit worthiness ('AA' general obligation [GO] debt rating) and the appropriation risks associated with lease rental payments. Louisiana will loan the series 2011 bond proceeds to LCTCS, pursuant to a loan and assignment agreement, and LCTCS has in turn entered into a lease agreement with The Board of Supervisors of the LCTCS (the board; a public corporation and state agency). The lease (expires Aug. 1, 2038; final maturity of series 2011 bonds
