Summary: Mississippi Development Bank Harrison County; Joint Criteria Aug 12
Standard & Poors, August 2012
Abstract
Standard & Poor's Ratings Services confirmed its 'AAA/A-1' rating on Mississippi Development Bank's (Harrison County) variable-rate revenue bonds series 2008A-1, 2008A-2, 2008B, and 2010B, due to the bank facility being extended to Sept. 30, 2012. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, Harrison County, and the letter of credit provider, Bank of America N.A. The short-term component of the rating is based solely on the rating on the letter of credit provider, Bank of America N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009...
Companies mentioned in this report are: Harrison Cnty,Mississippi Dev Bank
Action: Affirmed
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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.
Harrison Cnty,Mississippi Dev Bank
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