S&P Global Ratings assigned its 'A-' long-term rating to Shreveport, La.'s water and sewer revenue bonds, series 2017A and assigned its 'BBB+' long-term rating to the junior-lien series 2017B bonds. We also affirmed our 'A-' rating on the city's outstanding senior-lien utility revenue bonds and our 'BBB+' rating on its junior-lien utility revenue bonds. The rating reflects, in our opinion, the combination of a strong enterprise risk profile and an adequate financial risk profile. The outlook is stable. The enterprise risk profile reflects our view of the system's: Service area participation in the broad and diverse Shreveport-Bossier City metropolitan statistical area (MSA) economy; Very low industry risk as a monopolistic service provider of an essential public utility; Rates we believe
