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

S&P Global Ratings assigned its 'AA-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $17.7 million state facilities revenue bonds (Oklahoma Conservation Commission project), series 2022A (federally taxable). At the same time, we affirmed our 'AA' general obligation (GO) debt rating on Oklahoma and our 'AA-' long-term rating on OCIA's and the Oklahoma Development Finance Authority's appropriation-backed debt outstanding, issued for Oklahoma. The outlook on all ratings is stable. Lease rental payments by the Oklahoma Conservation Commission to OCIA, pursuant to the bond resolution and lease agreement between the commission (the lessee) and OCIA (the lessor), secure the series 2022A bonds. The payments are subject to annual appropriation by the Oklahoma Legislature and allocated by the Oklahoma Conservation

...S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $17.7 million state facilities revenue bonds (Oklahoma Conservation Commission project), series 2022A (federally taxable). At the same time, we affirmed our '##' general obligation (GO) debt rating on Oklahoma and our '##-' long-term rating on OCIA's and the Oklahoma Development Finance Authority's appropriation-backed debt outstanding, issued for Oklahoma. The outlook on all ratings is stable. Lease rental payments by the Oklahoma Conservation Commission to OCIA, pursuant to the bond resolution and lease agreement between the commission (the lessee) and OCIA (the lessor), secure the series 2022A bonds. The payments are subject to annual appropriation by the Oklahoma Legislature and allocated by the Oklahoma Conservation Commission. Proceeds from the series 2022A bonds will be used for the acquisition of real property, together with capital into improvements for purposes...

Summary