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Mississippi's Nearly $651.67 Million GO Bonds Assigned 'AA' Rating Oct 10 Product Image

Mississippi's Nearly $651.67 Million GO Bonds Assigned 'AA' Rating Oct 10

  • ID: 1931228
  • October 2010
  • Region: Mississippi
  • Standard & Poors

Abstract
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:
- Mississippi

Action: Affirmed
Action: New Rating
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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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