Oklahoma Water Resources Board Series 2024C Revenue Bonds Assigned 'AAA' Rating; Outlook Stable - S&P Global Ratings’ Credit Research

Oklahoma Water Resources Board Series 2024C Revenue Bonds Assigned 'AAA' Rating; Outlook Stable

Oklahoma Water Resources Board Series 2024C Revenue Bonds Assigned 'AAA' Rating; Outlook Stable - S&P Global Ratings’ Credit Research
Oklahoma Water Resources Board Series 2024C Revenue Bonds Assigned 'AAA' Rating; Outlook Stable
Published Sep 17, 2024
2 pages (1186 words) — Published Sep 17, 2024
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Sept. 17, 2024--S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $109.125 million state loan program revenue bonds, series 2024C. 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 'AAA' long-term 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

  
Brief Excerpt:

...September 17, 2024 NEW YORK (S&P Global Ratings) Sept. 17, 2024--S&P Global Ratings assigned its '###' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $109.125 million state loan program revenue bonds, series 2024C. 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 '###' long-term 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...

  
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 2024C Revenue Bonds Assigned 'AAA' Rating; Outlook Stable" Sep 17, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-Series-2024C-Revenue-Bonds-Assigned-AAA-Rating-Outlook-Stable-3251357>
  
APA:
S&P Global Ratings’ Credit Research. (). Oklahoma Water Resources Board Series 2024C Revenue Bonds Assigned 'AAA' Rating; Outlook Stable Sep 17, 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-2024C-Revenue-Bonds-Assigned-AAA-Rating-Outlook-Stable-3251357>
  
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