Missouri Special Obligation Bonds Assigned 'AA+' Rating Due To Strong Reserves, Very Strong Budget

CENTENNIAL (Standard&Poor's) April 25, 2016--Standard&Poor's Ratings Services assigned its 'AA+' rating to the state of Missouri's Board of Public Buildings series A 2016 special obligation bonds, which are secured by payments from the state of Missouri and are subject to annual appropriations. The outlook is stable. "The rating reflects our view of Missouri's general creditworthiness, the state's demonstrated commitment to repaying its appropriations-backed obligations, and the importance of appropriation debt to Missouri's overall capital bonding structure," said Standard&Poor's credit analyst Nora Wittstruck. Missouri's GO debt is rated 'AAA' with a stable outlook. We understand bond proceeds will finance improvements to the state capitol building ($38 million) and various other state buildings ($36 million), including

...CENTENNIAL (Standard & Poor's) April 25, 2016--Standard & Poor's Ratings Services assigned its '##+' rating to the state of Missouri's Board of Public Buildings series A 2016 special obligation bonds, which are secured by payments from the state of Missouri and are subject to annual appropriations. The outlook is stable. "The rating reflects our view of Missouri's general creditworthiness, the state's demonstrated commitment to repaying its appropriations-backed obligations, and the importance of appropriation debt to Missouri's overall capital bonding structure," said Standard & Poor's credit analyst Nora Wittstruck. Missouri's GO debt is rated '###' with a stable outlook. We understand bond proceeds will finance improvements to the state capitol building ($38 million) and various other state buildings ($36 million), including those at local colleges and universities ($26 million). RELATED CRITERIA AND RESEARCH Related Criteria + USPF Criteria: State Ratings Methodology, Jan. 3, 2011 +...

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