- Language: English
- 710 Pages
- Published: December 2014
Summary: Mississippi; General Obligation, State GO Jan 99
- ID: 1931309
- January 1999
- Region: Mississippi
- Standard & Poors
The rating on Mississippi's bonds is based on the favorable effects of various budgetary reforms, a significantly improved financial position, and relatively strong economic growth, partly caused by new gaming-related activities. Employment growth, especially in the manufacturing and service sectors, lowered the state's unemployment rate to 4.9% in December 1995 from 10.3% in 1985. Although the rate rose in 1996, it was 4.8% in April 1998. Much of the employment growth occurred between 1992-1994, when an estimated 70,200 jobs were created, many related to gaming activities. Employment growth for the state is expected to be slow through 2000, ranking 47th among the states at an annual rate of just 1.1%. The state increased its investment in its educational system through...
Companies mentioned in this report are:
Action: New Rating
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. SHOW LESS READ MORE >