...S&P Global Ratings assigned its 'A-' rating to the city of Shreveport, La.'s $9.86 million taxable series 2020A water and sewer revenue refunding bonds and $9.11 million series 2020B revenue refunding bonds. At the same time, S&P Global Ratings assigned its '###+' rating to the city's $3.39 million series 2020C junior-lien revenue refunding bonds. S&P Global Ratings also affirmed its 'A-' rating on the city's approximately $463 million senior-lien revenue bonds and its '###+' rating on the city's $241 million junior-lien revenue bonds outstanding. The outlook is stable. The senior-lien debt includes $39 million in series 2017C bonds, which were a direct-purchase arrangement with Capital One Public Financing LLC and follow all the covenants of the senior lien's general resolution. The city will use all bond proceeds to refund certain maturities of its 2014A and 2015 senior-lien revenue bonds, as well as its 2016C and 2018C junior-lien revenue bonds, for the purposes of restructuring and...
