...S&P Global Ratings assigned its '##+' long-term rating to the Missouri Board of Public Buildings' $61.1 million series A 2021 taxable special obligation 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. We also affirmed our '##-' long-term rating on the Land Clearance for Redevelopment Authority (LCRA), Mo.'s appropriation revenue bonds (Enterprise Center project), secured and payable by contractual payments of the state. The outlook on all ratings is stable. The series A 2021 special obligation bonds and parity debt outstanding 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, covenanted and agreed in the bond resolution to request an amount necessary...
