SHREVEPORT, La. — S&P Global Ratings has officially revised its financial outlook for the City of Shreveport from “negative” to “stable,” signaling increased confidence in the city’s fiscal management and economic trajectory, the City of Shreveport said Friday in a news release.
While the city’s underlying credit rating remains unchanged at BBB+, the shift to a stable outlook is a critical indicator for investors. A “negative” outlook often serves as a warning of a potential future downgrade; by contrast, a “stable” outlook suggests that a downgrade is now unlikely in the near term.
Key factors in the upgrade…