Summary: Oklahoma Oklahoma Development Finance Authority; Appropriations; General Obligation

S&P Global Ratings assigned its 'AA-' long-term rating to the Oklahoma Development Finance Authority's (ODFA) approximately $4.2 million master real property lease revenue bonds, series 2022B (tax-exempt), issued for the Oklahoma State System of Higher Education. At the same time, we affirmed our 'AA' long-term issuer credit rating (ICR) on Oklahoma, reflecting the general creditworthiness of the state, and our 'AA-' long-term rating on ODFA's and the Oklahoma Capitol Improvement Authority's (OCIA) appropriation-backed debt outstanding. The outlook on all ratings is stable. The series 2022B bonds constitute limited obligations of the authority and are secured by lease payments made by the Oklahoma State Regents for Higher Education to ODFA, pursuant to the master trust indenture and master real property lease

...+ S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Development Finance Authority's (ODFA) approximately $4.2 million master real property lease revenue bonds, series 2022B (tax-exempt), issued for the Oklahoma State System of Higher Education. + At the same time, we affirmed our '##' long-term issuer credit rating (ICR) on Oklahoma, reflecting the general creditworthiness of the state, and our '##-' long-term rating on ODFA's and the Oklahoma Capitol Improvement Authority's (OCIA) appropriation-backed debt outstanding. + The outlook on all ratings is stable. The series 2022B bonds constitute limited obligations of the authority and are secured by lease payments made by the Oklahoma State Regents for Higher Education to ODFA, pursuant to the master trust indenture and master real property lease purchase agreement between the Oklahoma State Regents for Higher Education (the lessee) and ODFA (the lessor), and separate supplemental trust indentures between the ODFA and...

Summary