Mississippi Business Journal » debt

Real estate firm sees earnings, revenue rise while debt falls

Associated Press — Mon, 22 Apr 2013 12:46:03 +0000

JACKSON — EastGroup Properties’ profit rose in the first quarter as revenues rose and debt payments fell. The real estate investment trust said quarterly profit rose 32 percent to $7.2 million, or 24 cents per share in the three months ended March 31. That’s up from $5.4 million, or 19 cents per share, in 2012′s [...]

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Legislators comfortable with nearly $200M bond package

Associated Press — Mon, 01 Apr 2013 11:54:55 +0000

JACKSON — Top Mississippi lawmakers say they’ve agreed on a bond package of about $200 million for the coming year. Senate Finance Committee chairman Joey Fillingane says that includes about $96 million to be divided among the eight universities, including the University of Mississippi Medical Center. The package also has about $25 million for community [...]

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TROTTER: Dealing with the issues of debt

Ike Trotter — Fri, 29 Mar 2013 14:53:09 +0000

A couple of years back, an article in Business Week caught my attention by stating that older Americans -those identified as 55 and over, are filing for bankruptcy at a faster rate than the general population today. Even more surprising in this category would be the inclusion of those raised during the Depression and World [...]

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Moody’s downgrades city’s bond rating

Associated Press — Thu, 07 Mar 2013 13:22:11 +0000

NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1 to A2. City financial adviser Demery Grubbs said the move should have no effect on the city’s capacity to borrow money. He said [...]

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State House gives nod to $184M in bonds

Associated Press — Wed, 20 Feb 2013 12:58:39 +0000

JACKSON — House members want the state to borrow more than $184 million, mainly for new buildings at Mississippi’s community colleges and public universities. The House passed bills to borrow $120 million for universities, $25 million for community colleges and $3 million for a statewide community college headquarters. Members also agreed to borrow $5 million [...]

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Bad money habits to break in 2013

Ike Trotter — Fri, 11 Jan 2013 23:02:57 +0000

Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior: No. 1 — Living without a budget. You may make enough money that [...]

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Fitch Ratings gives TVA bonds ‘negative’ outlook

MBJ Staff — Thu, 20 Dec 2012 19:03:36 +0000

NORTH MISSISSIPPI — Fitch Ratings has assigned an “AAA” rating to the $1-billion 2012 series B Tennessee Valley Authority (TVA) global power bonds. The bonds were priced Dec. 18, 2012. Proceeds from the 2012 series B bonds will be primarily used to refinance outstanding debt. In addition Fitch awarded a parity global power bond rating [...]

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Committee chair vows to work on bond package next session

Associated Press — Fri, 09 Nov 2012 13:32:05 +0000

JACKSON — The Mississippi House and Senate will try to agree on a package of long-term borrowing next year, after failing to authorize one this past spring, a top lawmaker said. Senate Finance Committee chairman Joey Fillingane, R-Sumrall, said leaders want to cover the state’s needs without creating too much bond debt. The state issues [...]

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Chickasaws moving forward on buy of riverboat casino

Associated Press — Thu, 25 Oct 2012 12:20:04 +0000

Vicksburg — An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg. A bankruptcy auction did not occur after Global Gaming Solutions was the only bidder to qualify. The unit of the Chickasaw Nation of Oklahoma plans to pay $27.5 million in cash and $97.5 million in [...]

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Fitch gives hospital bonds ‘negative’ outlook

MBJ Staff — Fri, 12 Oct 2012 11:27:23 +0000

HATTIESBURG — Fitch Ratings has affirmed its “A” rating on the following bonds issued on behalf of Forrest County General Hospital (Forest Health) (MS): — $70,000,000 Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2010; — $43,265,000 Mississippi Hospital Equipment and Facilities Authority, series 2009. The Rating Outlook is revised to “negative” from “stable.” [...]

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