Bond rating firms to visit state

Representatives of the nation’s three major credit ratings agencies will be in Jackson later this month to begin grading the credit strength of the state’s approximately $562 million general obligation bond for fiscal 2016-2017.

The visit comes after Fitch Ratings Service recently downgraded the state’s current general obligation and revenue bonds and Moody’s put a “negative” outlook on the debt. Fitch’s action came in mid-July and Moody’s in early August.

Daily Journal
9/10/16