Mississippi's Nearly $651.67 Million GO Bonds Assigned 'AA' Rating Oct 10
- ID: 1931228
- October 2010
- Region: Mississippi
- Standard & Poors
DALLAS (Standard & Poor's) Oct. 15, 2010-- Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Mississippi's nearly $651.67 million series 2010D taxable general obligation (GO) bonds, series 2010E federally taxable GO Build America Bonds (direct payment- recovery zone economic development bonds), series 2009F federally taxable GO Build America Bonds (direct payment), and series 2010G GO bonds (for capital improvements projects). These credit ratings do not address the tax credit component of these bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on Mississippi's outstanding GO debt. The outlook on all ratings is stable. "The rating reflects our view of the state's strong financial position, strong embedded fiscal policies and...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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