The $21 million of general obligation refunding bonds being brought to market next week by Shreveport have received an underlying rating of A3 from Moody’s Investors Service. The agency also reaffirmed its A3 rating on the city’s $240 million of outstanding GO debt.

The city of some 200,000 residents in northwest Louisiana expects a 3% net present-value savings from the deal. The bonds are scheduled for rapid repayment with 83% of principal retired in 10 years.

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