In statewide news:

Moody’s Investors Service assigned an “Aa2” rating to $228.31 million in general obligation (GO) bonds for the state of Louisiana. In addition to affirming the state’s credit rating, the agency changed Louisiana’s outlook from stable to negative. Moody’s attributes Louisiana’s Aa2 rating to timely responses to downward revenue projections; a trend of low unemployment relative to the nation; debt policies that have lowered the state’s debt ratios over time; and below-average reserves for an energy-reliant state but adequate alternative liquidity.

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