When the LE name is changed, Description in the LE-BSV assignment and Ledger-BSV doesnt change

We changed the name of an LE from the Manage Legal Entity task. But the description values in the tasks Assign Balancing Segment Values to Legal Entities and
Assign Balancing Segment Values to Ledger haven't updated. And we also see only the older LE name in the Create Journal UI screen when this company is selected from the segment values. Is there a way to update the description? And if we cant, will it impact anything?