Summary: Mississippi Development Bank, Mississippi; Moral Obligation

Standard & Poors, May 2011

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Mississippi Development Bank's series 2011 special-obligation bonds, issued on behalf of Attala County, Miss. The bonds are backed by Mississippi and are to be issued for the Montfort Jones Memorial Hospital project, based on the state's moral obligation pledge. The outlook is stable. We understand that bond proceeds will be used to acquire real estate for and to establish, erect, build, construct, remodel, as well as to acquire, equip, and furnish community hospitals, nursing homes, health centers, health departments, diagnostic or treatment centers, rehabilitation facilities, nursing homes, and related facilities. Pursuant to the terms of the loan agreement with the development bank, county, hospital and trustee, revenues shall be...

Companies mentioned in this report are: Mississippi,Mississippi Dev Bank
Action: New Rating
Action: Outlook: Stable

Mississippi,Mississippi Dev Bank

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