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General Obligations

LOUISIANA (STATE OF) - Moody's Research Report

Moody's assigns Aa2 rating to Louisiana's approximately $580 million General Obligation Refunding Bonds, Series 2012-C and 2012-D; outlook is stable

Posted on: June 12, 2012, 4:05 pm

NEW YORK, June 12, 2012 --Moody's Investors Service has assigned a rating of Aa2 to the State of Louisiana's approximately $580 million General Obligation refunding bonds. The fixed-rate bonds, scheduled to price on June 20, are expected to consist of $436 million in tax-exempt refunding bonds (Series 2012-C) and $144 million in taxable refunding bonds (Series 2012-D). The state anticipates that the refunding will result in nearly $40 million in present value savings, with a large portion of the benefit occurring in fiscal 2013. The outlook on the bonds is stable...

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