JACKSON — A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Mississippi Farm Bureau Casualty Insurance Company. The outlook for both ratings has been revised to stable from positive. A.M. Best wrote: “Mississippi Farm Bureau’s ratings reflect its solid risk-adjusted [...] [...]
GULFPORT — Hancock Bank has received a “Superior 5-Star” rating from BauerFinancial Inc. for the quarter ending Sept. 30. Hancock Bank has now earned a recommended rating from Bauer (5-Stars or 4-Stars) for the past 93 consecutive quarters — more than 23 years. “Consumers and businesses alike have come to depend on Bauer’s rating system [...] [...]
by Associated Press Published: December 28,2012
Tags: disaster, flood, flooding, home, homeowner, house, insurance, land, premuim, property, rain, rating, real estate, residence, rewsident, Weather
PICAYUNE — An improved flood prone rating means Pearl River County residents will see a 10 percent reduction in monthly insurance premiums. The Picayune Item reports county planner Ed Pinero Jr. says the county has moved from an insurance rating of 10 to 8. The lower the rating, the lower the premiums. Pinero says the [...] [...]
by MBJ Staff Published: October 12,2012
Tags: bond, clinic, credit, debt, health, health care, hospital, medical, medicine, outlook, rate, rating
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.” [...] [...]
by Associated Press Published: September 14,2012
Tags: achievement, education, elementary education, grade, learn, learning, public school, rating, school, school district, secondary education, state agency, student, teacher, teaching
ACROSS MISSISSIPPI — More school districts achieved higher grades in the first year of Mississippi’s new school rating system, thanks to increased test scores and the suspension of graduation rate requirements for higher-scoring districts. Districts and schools got letter grades for the first time today. Under a new law, the old seven-step system, running from [...] [...]
by Associated Press Published: August 24,2012
Tags: assessment, education, educator, elementary school, evaluation, high school, junior high school, lawmaker, legislation, legislative, Legislature, public education, public school, rating, school school district, score, secondary school, state government, teacher, teaching
JACKSON — Even before school and district report cards graded “A” to “F” are rolled out for the first time, it’s clear that lawmakers and education officials have a strong appetite for further changes to how schools are graded. In a hearing yesterday, Mississippi Department of Education officials told lawmakers they expect to examine new [...] [...]
by MBJ Staff Published: August 21,2012
Tags: bond, coal, construction, credit rating, debt rating, electricity, energy, power, Power plant, rating, utility
GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. [...] [...]
by MBJ Staff Published: July 10,2012
Tags: air, air travel, airline, airplane, airport, aviation, bond, credit rasting, debt, jet, rating, revenue, transportation, travel
JACKSON — Fitch Ratings has affirmed Jackson Municipal Airport Authority’s outstanding $42.1 million airport revenue and refunding bonds at “A-.” The Rating Outlook remains “stable.” Fitch wrote: “Traffic is currently similar to levels prior to Hurricane Katrina where the airport served evacuees and recovery efforts following declines over the past five consecutive years. Stability is [...] [...]
RIDGELAND — Fitch Ratings has revised the rating watch status for Old Republic International Corporation (ORI) and its insurance company subsidiaries to “negative” from “positive” following the company’s announcement to withdraw the spin-off of Republic Financial Indemnity Group Inc. (RFIG). Fitch had most recently placed the ratings on rating watch positive March 23 after ORI’s [...] [...]
JACKSON — A.M. Best Co. has revised the outlook to “positive” from “stable” and affirmed the financial strength rating of “B- (Fair)” and issuer credit rating of “bb-” of Gulf Guaranty Life Insurance Company. A.M. Best wrote: “The ratings reflect the company’s more than adequate level of risk-adjusted capitalization, improved net income reported in 2011 [...] [...]
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