JACKSON, Miss. (AP) — One of the nation's three main credit rating agencies is feeling a little more confident about Mississippi's financial picture.
Standard & Poor's Financial Services on Friday removed its negative outlook on Mississippi's debt, instead raising the outlook to stable. Mississippi remains rated AA by Standard & Poor's.
Credit ratings can influence how much the state has to pay in interest on its debt, but the financial advantages of a higher rating has been narrowing recently.
Standard & Poor's cites improving state revenues, efforts to improve roads and bridges and changes aimed at reducing state employee pension underfunding as reasons for the upgrade.
Mississippi has equivalent ratings from the other two main credit agencies — Fitch and Moody's. Fitch also views Mississippi's outlook as stable, while Moody's retains a negative outlook.
- Credit rater takes brighter view of Mississippi finances
- Mississippi Catholics have conflicting views of Law
- Agency denies financing for housing in Mississippi Delta
- Pregnant Mississippi woman sentenced for taking opioids
- Mississippi casinos take more from gamblers in November
- More Mississippi students are taking Advanced Placement Exam
- Mississippi casinos take less from gamblers in January
- Shad White takes oath as new state auditor in Mississippi
- Bank takes possession of historic Mississippi home and inn