S&P Global Ratings assigned its 'BBB+' long-term rating to Shreveport, La.'s anticipated $28.9 million general obligation (GO) bonds, series 2025. The outlook is negative. The GO bonds are secured by an unlimited ad valorem tax on all taxable property within the city. Proceeds will be used to fund public facilities and equipment for the city's police and fire departments. The rating and negative outlook reflect our view that there is ongoing structural imbalance in the city's financial operations, with federal stimulus funds somewhat skewing results in fiscal years 2022 and 2023, making it difficult to determine if ongoing revenue is sufficient to cover ongoing expenditures in the general fund. The financial stability of the general fund is also pressured by
