Oklahoma Water Resources Board $199 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating

CENTENNIAL (S&P Global Ratings) Sept. 21, 2021--S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $199 million revolving fund revenue bonds, series 2021 (2019 Master Trust). At the same time, S&P Global Ratings affirmed its 'AAA' rating on the board's previously issued 2003 Master Trust clean water and drinking water revenue bonds and 2019 Master Trust bonds outstanding. The outlook is stable. "The 'AAA' rating reflects our view of the combination of the OWRB's extremely strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Andrew Bredeson. "The rating further reflects our view of OWRB's excellent history of borrower repayment, with no loans in default," Mr. Bredeson added. The proceeds from the

...September 21, 2021 CENTENNIAL (S&P Global Ratings) Sept. 21, 2021--S&P Global Ratings assigned its '###' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $199 million revolving fund revenue bonds, series 2021 (2019 Master Trust). At the same time, S&P Global Ratings affirmed its '###' rating on the board's previously issued 2003 Master Trust clean water and drinking water revenue bonds and 2019 Master Trust bonds outstanding. The outlook is stable. "The '###' rating reflects our view of the combination of the OWRB's extremely strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Andrew Bredeson. "The rating further reflects our view of OWRB's excellent history of borrower repayment, with no loans in default," Mr. Bredeson added. The proceeds from the series 2021 bonds will fund future loans and manage its current cash flows, primarily funding drinking water loans. After the issuance of these bonds and execution of subsequent loans, there...

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