Oklahoma Water Resources Board Series 2024B Revenue Bonds Assigned 'AAA' Rating, Other Ratings Affirmed At 'AAA' - S&P Global Ratings’ Credit Research

Oklahoma Water Resources Board Series 2024B Revenue Bonds Assigned 'AAA' Rating, Other Ratings Affirmed At 'AAA'

Oklahoma Water Resources Board Series 2024B Revenue Bonds Assigned 'AAA' Rating, Other Ratings Affirmed At 'AAA' - S&P Global Ratings’ Credit Research
Oklahoma Water Resources Board Series 2024B Revenue Bonds Assigned 'AAA' Rating, Other Ratings Affirmed At 'AAA'
Published May 15, 2024
2 pages (1216 words) — Published May 15, 2024
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) May 15, 2024--S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $102.405 million state loan program revenue bonds, series 2024B. 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 solid market position, no defaults in program history, as well as generally strong financial policies and practices," said S&P Global Ratings credit analyst Autumn Mascio. The rating further reflects the credit support to cure any potential defaults by the program's borrowers, and the program's extremely strong loss coverage score. The loss coverage score reflects the

  
Brief Excerpt:

...May 15, 2024 NEW YORK (S&P Global Ratings) May 15, 2024--S&P Global Ratings assigned its '###' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $102.405 million state loan program revenue bonds, series 2024B. 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 solid market position, no defaults in program history, as well as generally strong financial policies and practices," said S&P Global Ratings credit analyst Autumn Mascio. The rating further reflects the credit support to cure any potential defaults by the program's borrowers, and the program's extremely strong loss coverage score. The loss coverage score reflects the combination of ample program reserves and annual coverage generated from borrowers that we believe substantially mitigates credit risk even under a default scenario. The stable outlook reflects...

  
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 2024B Revenue Bonds Assigned 'AAA' Rating, Other Ratings Affirmed At 'AAA'" May 15, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-Series-2024B-Revenue-Bonds-Assigned-AAA-Rating-Other-Ratings-Affirmed-At-AAA-3173821>
  
APA:
S&P Global Ratings’ Credit Research. (). Oklahoma Water Resources Board Series 2024B Revenue Bonds Assigned 'AAA' Rating, Other Ratings Affirmed At 'AAA' May 15, 2024. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-Series-2024B-Revenue-Bonds-Assigned-AAA-Rating-Other-Ratings-Affirmed-At-AAA-3173821>
  
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