Oklahoma Water Resources Board Series 2023C Revenue Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research

Oklahoma Water Resources Board Series 2023C Revenue Bonds Rated 'AAA'

Oklahoma Water Resources Board Series 2023C Revenue Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research
Oklahoma Water Resources Board Series 2023C Revenue Bonds Rated 'AAA'
Published Oct 12, 2023
2 pages (1214 words) — Published Oct 12, 2023
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Oct. 12, 2023--S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $42.395 million state loan program revenue bonds, series 2023C. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on OWRB's state loan revenue bonds outstanding. The outlook is stable. The rating reflects our view of OWRB's credit strengths, including a long history of borrower repayment with no defaults in program history and no recent delinquencies, as well as generally strong financial policies and practices. "The rating further reflects our view of the credit support that the WICERF provides to cure any potential defaults by the program's borrowers, and the program's extremely strong loss coverage score

  
Brief Excerpt:

...October 12, 2023 NEW YORK (S&P Global Ratings) Oct. 12, 2023--S&P Global Ratings assigned its '###' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $42.395 million state loan program revenue bonds, series 2023C. At the same time, S&P Global Ratings affirmed its '###' long-term rating on OWRB's state loan revenue bonds outstanding. The outlook is stable. The rating reflects our view of OWRB's credit strengths, including a long history of borrower repayment with no defaults in program history and no recent delinquencies, as well as generally strong financial policies and practices. "The rating further reflects our view of the credit support that the WICERF provides to cure any potential defaults by the program's borrowers, and the program's extremely strong loss coverage score as determined per our criteria, which reflects the combination of ample program reserves and annual coverage generated from borrowers that we believe substantially mitigates credit risk even under...

  
Report Type:

Ratings Action

Issuer
Oklahoma Water Resources Board
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Oklahoma Water Resources Board Series 2023C Revenue Bonds Rated 'AAA'" Oct 12, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-Series-2023C-Revenue-Bonds-Rated-AAA-3069907>
  
APA:
S&P Global Ratings’ Credit Research. (). Oklahoma Water Resources Board Series 2023C Revenue Bonds Rated 'AAA' Oct 12, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-Series-2023C-Revenue-Bonds-Rated-AAA-3069907>
  
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