S&P Global Ratings affirmed its 'AAA' issuer credit rating (ICR) on the State of Missouri based on the application of our "Methodology for Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, we affirmed our 'AA+' long-term rating on the state's appropriation-backed debt and our 'AA-' long-term rating on the Land Clearance for Redevelopment Authority's series 2021 annual appropriation revenue bonds (Enterprise Center project), backed by contractual payments of the state. The outlook is stable. The state's appropriation-backed debt reflects our view of standard lease terms and we rate the bonds one notch below our view of the state's general creditworthiness, given the additional appropriation risk associated with the security structure and unique features of the
