• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Jones Cnty, MS; General Obligation, Local GO Mar 98
Standard & Poors, March 1998
The rating on Jones County, Miss.'s bonds reflects: A limited though steadily growing economic base, Income levels below the national average, Adequate financial performance, and Manageable debt levels. Jones County (population 63,000) is located in southeastern Mississippi along I-59 between Meridian and Hattiesburg. The local economic base reflects its rural character, with two large poultry processing plants, Wayne Poultry and Sanderson Farms. However, the presence of the interstate highway creates opportunities for regional retailers, service providers, manufacturers, and distributors such as Howard Industries, a maker of electric transformers, which employs 2,000. The tax base is gradually increasing with an assessed valuation of $238 million in 1997 up 5.7% over the prior year. Unemployment rates typically mirror state cycles though they...
Companies mentioned in this report are:
- Jones Cnty
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.
- Jones Cnty