Summary: Oklahoma Capitol Improvement Authority Oklahoma; Appropriations; General Obligation

S&P Global Ratings assigned its 'AA-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $161.6 million endowed chairs funding program bonds, series 2021A (federally taxable), issued on behalf of the Oklahoma State Regents for Higher Education. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AA' general obligation (GO) debt rating on Oklahoma and its 'AA-' long-term rating on the state's outstanding appropriation-backed debt, issued for Oklahoma by the OCIA and Oklahoma Development Finance Authority. The outlook on all ratings is stable. Payments by the Oklahoma State Regents of the Oklahoma State for Higher Education to OCIA, pursuant to the bond resolution and amended agreement for the use of bond proceeds between Oklahoma State

...S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $161.6 million endowed chairs funding program bonds, series 2021A (federally taxable), issued on behalf of the Oklahoma State Regents for Higher Education. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##' general obligation (GO) debt rating on Oklahoma and its '##-' long-term rating on the state's outstanding appropriation-backed debt, issued for Oklahoma by the OCIA and Oklahoma Development Finance Authority. The outlook on all ratings is stable. Payments by the Oklahoma State Regents of the Oklahoma State for Higher Education to OCIA, pursuant to the bond resolution and amended agreement for the use of bond proceeds between Oklahoma State System of Higher Education (the payee) and OCIA (the payor), secure the series 2021A bonds. The payments are subject to annual appropriation by the Oklahoma Legislature to the Oklahoma State System of...

Summary