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KBRA Releases Report Assigning an A Rating with a Stable Outlook to the State of Louisiana Economic Damages Revenue Bonds [I-49 South Project] (TIFIA)

On July 19, 2022, KBRA assigned a long-term rating of A with a Stable Outlook to a maximum of $94.2 million of State of Louisiana Economic Damages Revenue Bonds [I-49 South Project] (TIFIA), with a final maturity of September 1, 2033.

Click here to view the report. To access ratings and relevant documents, click here.


Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.


Analytical Contacts

Yang Li, Associate Director, Public Finance (Lead Analyst)

+1 (646) 731-1216

Cindy Wu, Senior Director, Public Finance

+1 (646) 731-2304

Douglas J. Kilcommons, Managing Director, Public Finance

+1 (646) 731-3341

Shane Olaleye, Senior Director, Corporates

+1 (646) 731-2432

Karen Daly, Senior Managing Director, Public Finance / Financial Guarantors (Rating Committee Chair)

+1 (646) 731-2347

Business Development Contacts

William Baneky, Managing Director

+1 (646) 731-2409

James Kissane, Senior Director

+1 (213) 806-0026

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