CUSIP 507012XM9


  • ISIN: US507012XM98
  • Entity Name: Consolidated School District No. 1 of the Parish of Lafourche
  • Sector: Municipal Agency
  • Announcement Date: 10-Aug-2018
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: 01-Mar-2037
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • 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.
  • Description: Municipal Name: Consolidated School District No. 1 of the Parish of Lafourche CUSIP: 507012XM9 Currency: USD Consolidated School District No. 1 of the Parish of Lafourche announced today that the Standard & Poor`s Rating has downgraded the ratings of the Series 2017, General Obligation School Bonds from A+ to A-.
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US507012XM98

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