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Tag Archives: Lynn Fitch

Fitch’s ‘negative’ outlook for state credit in place for a while

Mississippi can expect Fitch Ratings Service to maintain its “negative” outlook on the state’s credit for at least another two years, says Karen Krop, a Fitch senior director who evaluated the state’s borrowing and repayment circumstances in designating the credit outlook on Oct. 31. It’s a big picture look at a state’s overall credit quality that provides a direction on ...

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State debt study details challenges to staying creditworthy

Rich or poor, the negative can find you. It’s a lesson the nation’s wealthiest state — Connecticut — and its least wealthy — Mississippi — have learned after Fitch Rating Service handed the two states “negative” debt outlooks. Mississippi actually stands above Connecticut in creditworthiness at the moment, with an AA+ rating from Fitch compared to Connecticut’s AA. Fitch based ...

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Report: State could afford to borrow $1.8B over next five years

JACKSON — Mississippi could borrow $1.8 billion to use for new buildings, highways and economic development incentives over the next five years and rising state revenue probably could support that amount of borrowing, a report by Treasurer Lynn Fitch suggests. The Republican state treasurer compiled a debt-affordability study after agencies that rate Mississippi’s bonds said the state needed a roadmap ...

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Pickering collects more money from failed beef plant project

OAKLAND — State Auditor Stacey Pickering has recovered an additional $48,933.35 as part of the long-term investigation into the failed beef processors plant in Yalobusha County, and has presented the check to State Treasurer Lynn Fitch. Since 2004, $617,115.86 has been returned to the state as part of this investigation. Additionally, six individuals have either pled guilty or been convicted ...

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Fitch expects state's bond debt to drop below $4B

JACKSON — State Treasurer Lynn Fitch told lawmakers yesterday that she expects Mississippi’s bond debt to drop back below $4 billion by the end of the current budget year, for the first time since 2011. She said that’s good because bond rating agencies want to know that the state is keeping its long-term debt under control. Mississippi had nearly $4.2 ...

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Future of prepaid college tuition program still in limbo

JACKSON — It’s still unclear whether Mississippi’s prepaid college tuition plan will reopen for additional enrollments, or when that might happen. But if the plan does reopen, price increases of at least 20 percent could be needed to keep the plan afloat. The board that runs the Mississippi Prepaid Affordable College Tuition plan voted yesterday to ask actuaries to prepare ...

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Weather has MEC's annual Hobnob Mississippi moving to the Mississippi Coliseum

JACKSON — Because of inclement weather conditions expected on Thursday, the Mississippi Economic Council’s 12th Annual Hobnob Mississippi will be held at the Mississippi Coliseum in Jackson. “The good news is The Coliseum floor footprint is actually even a little larger than our tent — and there is still plenty of room in the wings for those who want to ...

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State treasurer urges mandatory financial literacy training for Mississippi students

The Mississippi Council on Economic Education got a boost on the 10th anniversary of its founding with a call from State Treasurer Lynn Fitch for the state’s public schools to add financial literacy as mandatory instruction. Four states — Virginia, Tennessee, Missouri and Utah — require a semester of instruction in personal finance. “We need to be number five,” Fitch ...

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Q&A: Lynn Fitch, Mississippi State Personnel Board; Republican Candidate for Treasurer

Fitch says Mississippi needs an experienced leader at the helm Lynn Fitch is the director of the Mississippi State Personnel Board and a Republican candidate for treasurer. She earned her undergraduate degree in marketing and law degree from the University of Mississippi. Fitch was named one of the Mississippi Business Journal’s 50 Leading Business Women and was part of the ...

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