Oklahoma 'AA' Rating Outlook Revised To Stable From Negative On Strengthened Credit Stability

NEW YORK (S&P Global Ratings) April 13, 2021--S&P Global Ratings has revised its outlook on the state of Oklahoma to stable from negative and affirmed its 'AA' rating on the state's general creditworthiness and its 'AA-' long-term ratings on the state's approximately $2.2 billion of lease appropriation-backed debt, issued for Oklahoma by the Oklahoma Capitol Improvement Authority (OCIA) and Oklahoma Development Finance Authority (ODFA). S&P Global Ratings also assigned its 'AA-' long-term rating to ODFA's $10.68 master real property lease revenue bonds, series 2021A (tax-exempt), and $35.03 million master real property lease revenue bonds, series 2021B (federally taxable). The outlook is stable. "The revision to stable reflects our view of Oklahoma's responsive budget management and the presence of constitutional and

...April 13, 2021 NEW YORK (S&P Global Ratings) April 13, 2021--S&P Global Ratings has revised its outlook on the state of Oklahoma to stable from negative and affirmed its '##' rating on the state's general creditworthiness and its '##-' long-term ratings on the state's approximately $2.2 billion of lease appropriation-backed debt, issued for Oklahoma by the Oklahoma Capitol Improvement Authority (OCIA) and Oklahoma Development Finance Authority (ODFA). S&P Global Ratings also assigned its '##-' long-term rating to ODFA's $10.68 master real property lease revenue bonds, series 2021A (tax-exempt), and $35.03 million master real property lease revenue bonds, series 2021B (federally taxable). The outlook is stable. "The revision to stable reflects our view of Oklahoma's responsive budget management and the presence of constitutional and statutory procedures embedded within its government framework that support the state's capacity to effectively respond to unprecedented economic and financial...

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