Louisiana

Sweeping tax and budget policy changes proposed by a Louisiana legislative panel could put the state on a more sustainable fiscal path, according to S&P, which said it views the recommendations favorably.

Competition for tertiary care and declining admissions at Opelousas General Health System in Louisiana led S&P Global Ratings to lower the hospital’s bonds below investment grade.

The judge assigned to Calvin Grigsby's federal discrimination lawsuit against the city of Shreveport, La., is considering whether to dismiss the complaint.

As the Louisiana and the 22 parishes impacted by August’s severe flooding continue to complete damage estimates, rating agency analysts say the credit impacts will vary depending on their fiscal health.

State and local governments and showing a wide variety of impacts from the collapse of the oil market that began two years ago, ratings analysts say.

Cash-strapped Louisiana will borrow up to $400 million to bridge a mismatch between incoming bills and revenues, the State Bond Commission decided Thursday.

New Orleans’ general obligation bond ratings were raised to A-plus from A-minus by Fitch Ratings Monday ahead of a $50 million refunding.

New Orleans was buoyed by its first-ever bump into the double-A rating category as S&P Global Ratings boosted the city to AA-minus.

Louisiana State University is bringing its first financing for a $575 million housing and retail privatization, a move that triggered downgrades of the university's outstanding bonds.

Federal aid will alleviate financial challenges for southern Louisiana parishes affected by this month’s flooding, but the disaster remains a credit negative for the state and local governments, Moody's Investors Service said/