Oklahoma Water Resources Board's $130 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

Oklahoma Water Resources Board's $130 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating

Oklahoma Water Resources Board's $130 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
Oklahoma Water Resources Board's $130 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating
Published Jul 11, 2024
2 pages (1116 words) — Published Jul 11, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

ENGLEWOOD (S&P Global Ratings) July 11, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to the Oklahoma Water Resources Board's (OWRB) anticipated $130 million series 2024 revolving fund revenue bonds (2019 master trust indenture or MTI). At the same time, S&P Global Ratings affirmed its 'AAA' rating on the board's outstanding series 2003 MTI clean water and drinking water revenue bonds and series 2019 MTI bonds outstanding. The outlook is stable. "The rating reflects our view of OWRB's extremely strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst John Schulz. "The rating further reflects our view of the program's excellent history of borrower repayment, extremely strong market position, and strong financial policies and practices," Mr. Schulz added.

  
Brief Excerpt:

...July 11, 2024 ENGLEWOOD (S&P Global Ratings) July 11, 2024--S&P Global Ratings assigned its '###' long-term rating to the Oklahoma Water Resources Board's (OWRB) anticipated $130 million series 2024 revolving fund revenue bonds (2019 master trust indenture or MTI). At the same time, S&P Global Ratings affirmed its '###' rating on the board's outstanding series 2003 MTI clean water and drinking water revenue bonds and series 2019 MTI bonds outstanding. The outlook is stable. "The rating reflects our view of OWRB's extremely strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst John Schulz. "The rating further reflects our view of the program's excellent history of borrower repayment, extremely strong market position, and strong financial policies and practices," Mr. Schulz added. The board will use the proceeds from the series 2024 bonds will be used to finance eligible clean water state revolving fund (CWSRF) projects, to reimburse for amounts previously...

  
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's $130 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating" Jul 11, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-s-130-Million-Revolving-Fund-Revenue-Bonds-Assigned-AAA-Rating-3213309>
  
APA:
S&P Global Ratings’ Credit Research. (). Oklahoma Water Resources Board's $130 Million Revolving Fund Revenue Bonds Assigned 'AAA' Rating Jul 11, 2024. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-s-130-Million-Revolving-Fund-Revenue-Bonds-Assigned-AAA-Rating-3213309>
  
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