Standard & Poor's Ratings Services said it removed CreditWatch and affirmed the A-minus long-term rating on Marion County, Miss.'s outstanding general obligation debt issued by the county and the Mississippi Development Bank.
The outlook is stable.
"The rating was removed from CreditWatch with negative implications due to our receipt of information necessary to review the credit rating," said Standard & Poor's credit analyst Jennifer Garza. "The stable outlook reflects our view of the county's stable economic base and our expectation that the county will maintain adequate financial reserves and a structurally balanced budget going forward," Garza added.
Marion County, with a population of 27,088, is in southeastern Mississippi. Columbia, the county seat, is about 85 miles southeast of Jackson, Miss.