Republican Mayor Tom Arceneaux acquired another arrow in his quiver for reelection, even as he picked up his most serious challenger to date for that.
Last week, S&P Global announced a change in outlook for Shreveport’s credit rating. Maintaining its current call of BBB+ – the lowest investment grade category – it did cite a better outlook of “stable” rather than “negative.” The latter means a downgrade was more likely than an upgrade, which would have meant higher borrowing costs in the future, with the former meaning no change either way anticipated.
This declaration in and of itself doesn’t affect anything substantively, but it carries beneficial positive symbolism for Arceneaux’s quest, especially coming from the rationale stating why the rating agency made the change. The city has maintained a commitment to its 8 percent operating reserve target in the general fund, which he fought for in the 2026 budget, against some pressure to dip more into it for increased spending.
