• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Richland, Mississippi; General Obligation Oct 11
Standard & Poors, October 2011
Standard & Poor's Ratings Services has affirmed its 'A' rating on Richland, Miss.' general obligation (GO) debt. The outlook is stable. The rating reflects our view of the city's: Access to the state capital, Jackson, Miss.; Good median household income levels and very high retail sales per capita; and Very strong financial position. Richland's moderate overall net debt burden and limited local economy somewhat offset these strengths, in our view. The city's full faith and credit pledge secures the bonds. Richland, with a population more than 7,000, is in Rankin County, just outside of Jackson. The city is a bedroom community, which continues to experience commercial and retail growth along Highway 49 leading to Jackson. Its economic base remains somewhat...
Companies mentioned in this report are: Richland
Action: Outlook: Stable
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.
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.