Standard&Poor's Ratings Services confirmed its ratings on Mississippi Development Bank's debt, issued for Harrison County, Miss., due to the bank facility being extended to Jan. 31, 2017. The long-term rating is jointly based on the rating of the obligor, Harrison County, and the letter of credit (LOC) provider, Bank of America N.A., assuming low correlation. The short-term component of the rating is based solely on the LOC provider, Bank of America N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, Feb. 20, 2015 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009
