Summary: Shreveport, Louisiana; Appropriations; General Obligation

S&P Global Ratings assigned its 'A' long-term rating and stable outlook to Shreveport, La.'s series 2016 refunding bonds. At the same time, S&P Global Ratings affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's existing general obligation (GO) bonds and its 'A' SPUR on the city's debt backed by a pledge of its lawfully available funds. The outlook is stable. S&P Global Ratings also affirmed its 'A' long-term rating on Shreveport's series 2015A taxable revenue and refunding bond and series 2015B taxable passenger facility charge (PFC) revenue refunding bonds, issued on behalf of the Shreveport Airport System. Series 2016 bond proceeds will be used to refund the Louisiana Local Government Environmental Facilities&Community Development Authority's series

...S&P Global Ratings assigned its 'A' long-term rating and stable outlook to Shreveport, La.'s series 2016 refunding bonds. At the same time, S&P Global Ratings affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's existing general obligation (GO) bonds and its 'A' SPUR on the city's debt backed by a pledge of its lawfully available funds. The outlook is stable. S&P Global Ratings also affirmed its 'A' long-term rating on Shreveport's series 2015A taxable revenue and refunding bond and series 2015B taxable passenger facility charge (PFC) revenue refunding bonds, issued on behalf of the Shreveport Airport System. Series 2016 bond proceeds will be used to refund the Louisiana Local Government Environmental Facilities & Community Development Authority's series 2008 Independent Stadium revenue refunding bonds, issued for the city of Shreveport, for interest-rate savings. The series 2016 refunding bonds are secured by a pledge of the city's lawfully available funds. The...

Summary