Summary: Oklahoma Capitol Improvement Authority Oklahoma; Appropriations

S&P Global Ratings assigned its 'AA-' long-term rating the Oklahoma Capitol Improvement Authority's (OCIA) $13.37 million state agency facilities revenue bonds (Oklahoma Department of Human Services project), series 2020D (tax-exempt), and $48.955 million state agency facilities revenue bonds (Oklahoma Tourism and Recreation Department project), series 2020E (federally taxable). The outlook is negative. Lease-rental payments by the Oklahoma Department of Human Services (DHS) to ODFA, pursuant to the terms of the lease agreement between DHS (the lessee) and OCIA (the lessor) secure the series 2020D bonds. At the same time, lease-rental payments by the Oklahoma Tourism and Recreation Department (OTRD) to OCIA, pursuant to the terms of the lease agreement between DHS (the lessee) and ODFA (the lessor) secure the series

...S&P Global Ratings assigned its '##-' long-term rating the Oklahoma Capitol Improvement Authority's (OCIA) $13.37 million state agency facilities revenue bonds (Oklahoma Department of Human Services project), series 2020D (tax-exempt), and $48.955 million state agency facilities revenue bonds (Oklahoma Tourism and Recreation Department project), series 2020E (federally taxable). The outlook is negative. Lease-rental payments by the Oklahoma Department of Human Services (DHS) to ODFA, pursuant to the terms of the lease agreement between DHS (the lessee) and OCIA (the lessor) secure the series 2020D bonds. At the same time, lease-rental payments by the Oklahoma Tourism and Recreation Department (OTRD) to OCIA, pursuant to the terms of the lease agreement between DHS (the lessee) and ODFA (the lessor) secure the series 2020E bonds. The lease-rental payments are made to the paying agent (BOKF, N.A.) monthly from amounts allocated to DHS and OTRD, respectively, and departmental allocations are...

Summary