CUSIP 507012XL1

• ISIN: US507012XL16
• Entity Name: Consolidated School District No. 1 of the Parish of Lafourche
• Sector: Municipal Agency
• Announcement Date: *****
• Effective Date: *****
• Issue Date: *****
• Maturity Date: *****
• Country of Issuer: *****
• Region: N.Amer
• Issue Currency: *****
• CA Type: Rating Downgrade
• News: S&P Global Ratings lowered its rating two notches to `A-` from `A+ on Lafourche Parish Consolidated School District No. 1, La.`s general obligation debt outstanding. The outlook is negative. The downgrade reflects the district`s fiscal 2017 deficit, nearly exhausted reserves, and a significant decrease in 2018 assessed values in the district. Current economic conditions and declining sales tax revenues could place additional pressure on the district`s reserves, possibly making general fund balance negative. The rating reflects our view of the district`s Significant drawdown on fund balances in 2017 to 0.5% of total governmental expenditures; Moderately concentrated economy that is focused on the oil and gas industry; and, High pension payments that we view as likely to increase given current pension plan assumptions
• Description: *****
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US507012XL16