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Bulletin: Mississippi's 'AA' Rating Is Unaffected By Gulf Oil Spill May 10
Standard & Poors, May 2010
Abstract
DALLAS (Standard & Poor's) May 20, 2010--Standard & Poor's Ratings Services said today that its rating on Mississippi's general obligation (GO) debt (AA/Stable) is unaffected by the drilling rig explosion and ongoing oil spill in the Gulf of Mexico. We believe that the state's strong financial management and good revenue and budget performance over the past three years provide stability to the rating. While the oil spill will undoubtedly have a significant and lasting impact on fishing, tourism, and the environment in affected areas of the state, we believe that the effect on the state's overall economy will be relatively modest. We expect that the state will continue to maintain balanced operations as it responds to the damage caused by...
Companies mentioned in this report are: Mississippi,BP PLC
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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