S&P Global Ratings assigned its ?A+? long-term rating to the Mississippi Development Bank ?s (MBD) proposed $33.4 million series 2025 special obligation bonds, issued for the Columbus Municipal School District . The outlook is stable. The rating is based on the application of our " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The MDB special obligation bonds will be secured by the district?s bond and other revenue identified in the MDB bond indenture. The district bond is secured by its full faith and credit pledge and payable from an unlimited ad valorem tax levied on all taxable property within its boundaries. Bond proceeds will fund various capital projects. Our view of Columbus Municipal School District?s
