JACKSON, Miss. — The Fitch credit rating agency has downgraded Mississippi’s bond rating outlook from stable to negative.
“I think it’s a warning from the agency,” said State Economist Dr. Darrin Webb. “They are trying to nudge the state into getting its fiscal house in order.”
Several of the issues the agency mentioned in lowering the outlook are stubbornly persistent and have been mentioned before. “The big issue has to do with the state’s dependency on one-time money.”
While the problems cited by Fitch may not be an easy fix, Webb says the state’s economy is improving.