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Caddo Parish gets major credit award - KTBS.com - Shreveport, LA News, Weather and Sports

Caddo Parish gets major credit award

Posted: Updated:
SHREVEPORT, La. (KTBS) -

 

Caddo Parish officials have something to celebrate this week and the parish's citizens do, as well. 


It was announced this week that Standards and Poor's has awarded the parish with a AAA credit rating for general bonds. Caddo's government is the first in Louisiana to manage its money well enough for such an honor. The rating could allow parish officials to issue bonds on an extremely low interest rates, which makes paying them back easier for citizens.


"Well, if we can now get lower interest rates on those bonds, that's less money we would, potentially, need from the taxpayers to pay off the bond," Erica Bryant, parish director of finance, said. "The taxpayer would have to pay less in interest."


Parish officials stress that bonds help them keep oil and gas reserve money, which they spend on projects that inspire economic growth and could potentially create jobs.

 

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