St. Gabriel, LA Revenue And Refunding Rating Raised To #A# From #A-# On Criteria Application

Stocks and Financial Services Press Releases Friday July 6, 2018 11:26
CENTENNIAL--6 Jul--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) July 5, 2018--S&P Global Ratings raised its long-term rating to 'A' from 'A-' on St. Gabriel, La.'s series 2016 limited-tax revenue and refunding bonds based on the application of its "Issue Credit Ratings Linked to U.S. Public Finance Obligors' Creditworthiness" criteria, published Jan. 22, 2018 on RatingsDirect. The outlook is stable.

"The 'A' rating further reflects our view of the city's strong budgetary flexibility and very strong liquidity" said S&P Global Rating credit analyst Katelyn Batesel.
The stable outlook reflects our expectation that, despite planned drawdowns, the city will maintain at least adequate reserves for the foreseeable future.
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Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


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