...+ S&P Global Ratings assigned its '##+' long-term rating to the state of Oregon's general obligation (GO) bonds, including the approximately $452 million series 2025A (tax-exempt), $301 million series 2025B (federally taxable), $152 million series 2025C (tax-exempt), and $8.9 million series 2025D (tax-exempt). + We also affirmed our '##+' rating on Oregon's GO bonds outstanding and 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 bond 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 long-term component of the rating on certain variable-rate bonds reflects our view of the state's credit characteristics, while the...
