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Tag Archives: bonds

Fitch gives Memorial Hospital bonds an 'A'

GULFPORT — Fitch Ratings has affirmed at “A” two City of Gulfport, Mississippi bonds issued on behalf of Memorial Hospital at Gulfport (MHG). The bonds are $25.3 million hospital revenue refunding & improvement bonds, series 1994A and $59.5 million hospital revenue bonds, series 2001A. Fitch assigned the bonds a rating outlook of “stable.” Fitch wrote: “The ‘A’ rating is supported ...

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State lawmakers approve $422M-plus bond bill

JACKSON — Mississippi lawmakers have voted to borrow $422.8 million to pay for needs ranging from economic development to repairs on college campuses. The comprehensive bond bill, which includes more than 100 projects, drew lengthy debate in the House and Senate before passing in both. The bill has been held for more debate before it is released to the governor. ...

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Baker Donelson ranked tops in bond work

JACKSON — Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, has been ranked as the top bond counsel firm in Mississippi by The Bond Buyer, a national news outlet serving the municipal bond industry. In its annual “Southeast Year-End Review,” The Bond Buyer compiled rankings based on the total transaction amount for bond issues maturing in 2010. Baker Donelson participated as ...

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Fitch gives SMEPA bonds 'A-' and 'stable' outlook

HATTIESBURG — Fitch Ratings has assigned an initial rating of “A-” to the following South Mississippi Electric Power Association (SMEPA) outstanding bonds:–$40 million Mississippi Business Finance Corporation Gulf Opportunity Zone bonds, series 2009A; –$22.645 million Claiborne County, MS pollution control bonds, 1985 series G1 and G2. In addition, Fitch also assigns an implied rating of “A-” on SMEPA’s remaining parity ...

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Bond package approved for school construction

LEFLORE COUNTY — Leflore County school officials will move forward with plans to build a new building at Amanda Elzy Elementary School after officials approved a $3-million bond package this week. Superintendent Jean Hall tells the Greenwood Commonwealth she had received no letters of protest regarding the interest-free bond package. The school board approved the plan Aug. 16. Hall says ...

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Fitch rates health system's bonds 'AA'

TUPELO — Fitch Ratings has assigned an “AA” rating to approximately $75 million in Mississippi Hospital Equipment and Facilities Authority revenue bonds (North Mississippi Health Services), 2010 series 1. Additionally, Fitch has affirmed the “AA” rating on North Mississippi Health Services (NMHS) approximately $127.6 million in outstanding parity debt, as well as the “F1+” short-term rating on the parity debt. ...

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Fitch downgrades Baptist's bonds

JACKSON — Fitch Ratings has downgraded Mississippi Baptist Health System’s (MBHS’) $113.9-million Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2007A, to “BBB+” from “A-.” The rating outlook is revised to “stable” from “negative.” Fitch said the downgrade reflects declining profitability and weakening business position. Profitability continues to decline with earnings deteriorating since the end of fiscal year (FY) ...

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Fitch rates state bonds 'AA'

JACKSON — Fitch Ratings has assigned “AA” ratings to the following State of Mississippi (the state) general obligation (GO) bonds: $340.375-million taxable GO bonds, series 2009D; $120-million taxable GO bonds, series 2009E; $64.145-million GO refunding bonds, series 2009F; and, $98.3-million GO Build America Bonds, series 2009G (Direct Payment – Federally Taxable). Additionally, Fitch has affirmed the “AA” rating on the ...

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Fitch removes negative watch from bonds

JACKSON — Fitch Ratings has affirmed 20 classes of senior bonds, removed the rating watch of “negative” and affirmed seven classes of subordinate bonds issued by Mississippi Higher Education Assistance Corporation (MHEAC) 1999 Trust. The rating outlook remains “stable” for the senior bonds. The actions are based on the improving credit profile of the trust as reflected by the parity ...

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Fitch rates education bonds

JACKSON — Fitch Ratings assigns an “AA-” rating to the University of Mississippi (UM) Educational Building Corporation’s (EBC) approximately $15.2 million of revenue bonds, series 2009C-1 (Residential College Project – Phase II) and Build America Bonds, series 2009C-2 (Residential College Project – Phase II, Federally Taxable Build America Bonds) (collectively, the bonds). A portion of the bonds may be sold ...

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