This bit of bad news for Mississippi surprises the treasurer not a bit

S&P, in a report issued Monday, downgraded Mississippi from stable to negative.

“This downgrade should come as no surprise,” Fitch said in an emailed statement. “In fact, we’re fortunate it wasn’t worse. Mississippi is making progress with our unemployment rate dropping and our positive economic growth, but we are still lagging behind most of the nation. And, with our population growth stagnant, it’s only common sense that investors would have concerns.”