Summary: Mississippi Department Of Finance & Administration Mississippi; Appropriations Aug 11

Standard & Poors, August 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating to the $2.625 million series 2011A lease-revenue certificates of participation (COPs), issued by Mississippi Department of Finance & Administration (the department) and supported by Mississippi master-lease program for school and community college districts. At the same time, Standard & Poor's has affirmed its 'AA-' long-term rating and underlying rating (SPUR) on Mississippi's outstanding lease-revenue debt. The outlook is stable. The ratings reflect our view of the state's: General creditworthiness ('AA' general obligation [GO] debt rating); Ability, as lessee, to withhold state aid appropriations to the participating districts to ensure timely sublease-rental payments; Demonstrated commitment, in the administrative and legislative branches, to repaying its appropriation-backed obligations; Funding of only those...

Companies mentioned in this report are: Mississippi,Mississippi Dept Of Fin & Admin
Action: New Rating
Action: Outlook: Stable

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Mississippi,Mississippi Dept Of Fin & Admin

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