Missouri Development Finance Board Independence; Appropriations; General Obligation; General Obligation Equivalent Security Feb 12
- Language: English
- Published: February 2012
- Region: Missouri
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to the Missouri Board of Public Buildings 2012A special obligation bonds, reflecting the appropriation pledge of the state of Missouri. At the same time, we affirmed our 'AAA' rating on the state's general obligation (GO) bonds and 'AA+' rating on the state's appropriation debt outstanding. The ratings reflect Standard & Poor's assessment of the state's: Strong and diverse economic base; Good financial management; Strong reserves in the form of a budget reserve fund that can only be accessed under limited circumstances; and Moderate debt burden. The certificates of participation and leasehold revenue bonds are subject to annual appropriation and the GO bonds are secured by the state's full...
Companies mentioned in this report are:
- Missouri Brd of Pub Bldg
Action: New Rating
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Research Type: Full Analysis