...DALLAS (S&P Global Ratings) April 10, 2018--S&P Global Ratings assigned its '##+' rating to the Board of Public Buildings, Mo.'s series A 2018 special obligation bonds, issued for Missouri. At the same time, we affirmed our '###' rating on Missouri's general obligation (GO) bonds outstanding and our '##+' rating on the state's appropriation debt outstanding. The outlook is stable. "The assigned rating is based on the application of our 'Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness' criteria, said S&P Global Ratings credit analyst Oscar Padilla. The criteria were published Jan. 22, 2018, on RatingsDirect. The series A 2018 bonds are payable from the board's net income and revenues, defined as appropriations of the general assembly. Bond proceeds will be used to finance repairs and renovations to the State Capitol Complex, as well as state buildings and facilities. "The rating reflects our view of the bonds' appropriation risk, as well as the state's long-term...
