...September 19, 2024 ENGLEWOOD (S&P Global Ratings) Sept. 19, 2024--S&P Global Ratings affirmed its '##+' rating on Oregon's general obligation (GO) bonds outstanding, based on the application of its "Methodology for Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, we affirmed our '##' rating on the state's appropriation-backed (certificates of participation [COPs]) debt outstanding. We also affirmed our '##+/A-1' rating on Oregon's various variable-rate demand GO bonds outstanding, which receive liquidity support in the form of a standby purchase agreement (SBPA) with U.S. Bank N.A., and our '##+/A-1' rating on the series 2022E variable-rate demand GO bonds, which receive liquidity support in the form of an SBPA with JP Morgan Chase Bank N.A. The outlook on all long-term ratings is stable. "The stable outlook reflects our expectation that Oregon's strong financial forecasting and budgetary management will help guide executive and legislative actions...
