...July 28, 2020 NEW YORK (S&P Global Ratings) July 28, 2020--S&P Global Ratings assigned its '##+' long-term rating on the Missouri Board of Public Buildings' series B 2020 special obligation refunding bonds, issued for the state of Missouri. At the same time, S&P Global Ratings affirmed its '###' long-term rating on Missouri's general obligation (GO) bonds outstanding, and its '##+' rating on the state's appropriation-backed debt outstanding. The outlook on all ratings is stable. The series B 2020 special obligation refunding bonds and previously issued parity debt are secured and payable from a pledge of the board's net income and revenues, defined as appropriations of the Missouri General Assembly. The state, acting through the office of administration, has covenanted and agreed in the bond resolution to request an amount necessary to make debt service payments on the bonds in the succeeding fiscal year be included in the governor's budget submitted to the general assembly, with the request...
