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

Oklahoma Water Resources Board?s Series 2023 Revolving Fund Revenue Bonds Rated 'AAA'

Oklahoma Water Resources Board?s Series 2023 Revolving Fund Revenue Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research
Oklahoma Water Resources Board?s Series 2023 Revolving Fund Revenue Bonds Rated 'AAA'
Published Jan 10, 2023
2 pages (1172 words) — Published Jan 10, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Jan. 10, 2023--S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $138.5 million revolving fund revenue bonds, series 2023 (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 Peter Murphy. The rating also reflects our assessment of the program's: Low industry risk score and extremely strong market position; Extremely strong loss coverage score (LCS)

  
Brief Excerpt:

...January 10, 2023 NEW YORK (S&P Global Ratings) Jan. 10, 2023--S&P Global Ratings assigned its '###' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $138.5 million revolving fund revenue bonds, series 2023 (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 Peter Murphy. The rating also reflects our assessment of the program's: - Low industry risk score and extremely strong market position; - Extremely strong loss coverage score (LCS) due to program reserves and annual coverage generated from borrower payments; - Excellent history of borrower repayment, with no loans in default; and - Generally strong financial policies...

  
Report Type:

Ratings Action

Issuer
Oklahoma Wtr Resources Brd
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 Series 2023 Revolving Fund Revenue Bonds Rated 'AAA'" Jan 10, 2023. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-s-Series-2023-Revolving-Fund-Revenue-Bonds-Rated-AAA-2934835>
  
APA:
S&P Global Ratings’ Credit Research. (). Oklahoma Water Resources Board?s Series 2023 Revolving Fund Revenue Bonds Rated 'AAA' Jan 10, 2023. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Oklahoma-Water-Resources-Board-s-Series-2023-Revolving-Fund-Revenue-Bonds-Rated-AAA-2934835>
  
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