...DALLAS (S&P Global Ratings) Aug. 16, 2017--S&P Global Ratings assigned its '##+' rating to the Board of Public Buildings, Mo.'s series 2017A special obligation bonds, issued for Missouri. At the same time, S&P Global Ratings affirmed its '###' rating on Missouri's general obligation (GO) bonds outstanding and its '##+' rating on the state's appropriation debt outstanding. "The stable outlook on the ratings reflects our expectation that within our one-year horizon, Missouri will continue to maintain strong reserves despite revenue softness in the past fiscal year, and maintain its budget reserve fund near current levels," said S&P Global Ratings credit analyst Oscar Padilla. The series 2017A bonds are payable from the board's net income and revenues, defined as appropriations of the general assembly. The state, acting through the office of administration, covenants and agrees in the bond resolution to request an amount necessary to make debt service payments on the bonds in the succeeding...
