NEW YORK (S&P Global Ratings) May 12, 2025--S&P Global Ratings assigned its 'AA+' long-term rating to the state of Oregon's general obligation (GO) bonds, including the approximately $11 million series 2025H veterans' welfare bonds (series 113 fixed-rate refunding) and almost $39 million series 2025I veterans' welfare bonds (series 114 fixed-rate). The outlook is stable. Proceeds from the series 2025H bonds will be used to refund existing debt. Proceeds from the series 2025I bonds will be used to fund the Oregon War Veterans' Fund, which provides money for the Oregon Veterans' Loan Program. Social and governance factors have no material influence on our credit rating analysis for Oregon. We view environmental risks as neutral within our credit analysis for the state.
