BRADENTON, Fla. - Mississippi's economic base has continued to expand with the help of legalized gambling and proactive recovery efforts since hurricanes Katrina and Rita impacted the state in 2005, a Standard & Poor's credit report released Thursday said.

The state's AA general obligation rating and stable outlook reflect the state's improving financial position, active response to rebuilding following the hurricanes, and strong conservative fiscal policies, tempered by a moderate but increasing debt burden, said the report authored by analyst Paul Jasin.

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