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Summary: Mississippi Development Bank Mississippi (Greene County Hospital Project); Moral Obligation Nov 11
Standard & Poors, November 2011
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to Mississippi Development Bank's series 2011 taxable special-obligation bonds, issued on behalf of Mississippi for the Greene County, Miss. hospital project, based on the state's moral obligation pledge. The outlook is stable. We understand the Mississippi Development Bank will use bond proceeds to finance the costs of certain capital projects of the hospital, pay capitalized interest, fund a debt service reserve fund, and pay issuance cost for the bonds and a related note. Pursuant to the terms of the indenture the bonds are secured by the pledge of the trust estate defined as all cash and securities in the funds and the investment earnings thereon established in the indenture...
Companies mentioned in this report are: Mississippi,Mississippi Dev Bank,Greene Cnty
Action: New Rating
Action: Outlook: Stable
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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.
Mississippi,Mississippi Dev Bank,Greene Cnty