Summary: Mississippi; General Obligation Aug 06
- ID: 1930947
- August 2006
- Region: Mississippi
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' standard long-term rating, and stable outlook, to Mississippi's series 2006A GO refunding bonds, series 2006B tax-exempt GO refunding bonds, and series 2006C taxable GO refunding bonds and affirmed its 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the state's GO debt. The stable outlook reflects the state's relatively stable economic base and the expectation that officials will make the necessary budgetary adjustments to achieve a structurally balanced budget in fiscal 2007 and rebuild reserves. Mississippi was removed from CreditWatch with negative implications, where it was placed on Aug. 29, 2005, in response to the expected effects of Hurricane Katrina on the Gulf Coast, in...
Companies mentioned in this report are:
- Mississippi Dev Bank
Action: New Rating
Action: Outlook: Stable
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