Mississippi; General Obligation, State GO Jan 01
- ID: 1930983
- January 2001
- Region: Mississippi
- Standard & Poors
The rating on Mississippi's GO refunding bonds is based on the full faith and credit GO pledge of the state and reflects: The favorable effects of various budgetary reforms; A good financial position; A moderate debt burden; and The continuing strength of the service sector driven, in part, by gaming-related activities. Over the past decade, Mississippi has strengthened its overall economy in terms of new jobs and personal income. At the same time, the state government increased its revenue base, providing additional funds for long-term investment and permitting a more-sound fiscal foundation. Much of the state's growth occurred from 1992-1994, when an estimated 70,200 jobs were created after gambling was legalized in the state. The state, however, still struggles with...
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Action: New Rating
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