Missouri Development Finance Board; Appropriations; General Obligation - S&P Global Ratings’ Credit Research

Missouri Development Finance Board; Appropriations; General Obligation

Missouri Development Finance Board; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Missouri Development Finance Board; Appropriations; General Obligation
Published Feb 25, 2016
11 pages (5068 words) — Published Feb 25, 2016
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has assigned its 'AA+' rating and stable outlook to the Missouri Development Finance Board's series 2016A bonds for the State Historical Society Project, which are secured by payments from the State of Missouri and are subject to annual appropriations. At the same time, Standard&Poor's affirmed its 'AAA' rating on Missouri's general obligation (GO) bonds outstanding and its 'AA+' rating on the state's appropriation debt outstanding. The outlook on the ratings is stable. State officials report that, despite the loss of the St. Louis Rams, the payment required to support the bonds for the Edward D. Jones Dome equal to about $12.4 million in fiscal 2015, will not materially affect the budget as revenue

  
Brief Excerpt:

...Maintenance of strong reserves in the form of a budget reserve fund that can only be accessed under limited circumstances;...

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Missouri Development Finance Board; Appropriations; General Obligation" Feb 25, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Missouri-Development-Finance-Board-Appropriations-General-Obligation-1585824>
  
APA:
S&P Global Ratings’ Credit Research. (). Missouri Development Finance Board; Appropriations; General Obligation Feb 25, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Missouri-Development-Finance-Board-Appropriations-General-Obligation-1585824>
  
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