Louisiana

Most of the oil states have gone into recession, S&P Global Ratings said in a new report.

Louisiana now pegs its official mid-year deficit at $304 million, a number that is complicating the state’s ability to issue new debt.

Louisiana’s economists projected Friday the state’s budget shortfall will be as high as $313 million, prompting Gov. John Bel Edwards to say the deficit clearly indicates the need for special legislative session.

An eventful year lies ahead for Louisiana with a special legislative session potentially necessary to address yet another budget shortfall and continued recovery efforts from last year’s disastrous floods.

Full repeal of the Affordable Care Act may cut hospital revenue by close to $400 billion over the next 10 years, putting pressure on healthcare bond ratings and state and local budgets.

Louisiana State Treasurer John Kennedy handily defeated his Democratic opponent with 61% of the vote in Saturday’s runoff election, in his third attempt for a U.S. Senate seat.

Voters in Louisiana go to the polls Saturday to choose the remaining U.S. Senator in this election cycle, with the state’s treasurer, Republican John Kennedy, facing Democrat Foster Campbell.

Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings.

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/

Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.

Cash-strapped Louisiana faces huge expenses as a result of the three days of torrential rains that flooded the southern part of the state, state budget chief Jay Dardenne told a legislative panel Thursday.