Mississippi Financial Rating Sees Improvement

Chicot Memorial

WASHINGTON, DC (Ben Caxton) — One of the nation’s three main credit rating agencies is more confident about Mississippi’s financial picture. On Friday Standard & Poor’s Financial Services removed its negative outlook on Mississippi’s debt, raising the outlook to stable. Credit ratings can influence how much the state has to pay in interest on its debt. S&P cites improving state revenues, efforts to improve roads and bridges and changes aimed at reducing state employee pension underfunding as reasons for the upgrade. The state remains rated AA by Standard & Poor’s.

 


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