Summary: Oklahoma Water Resources Board; State Revolving Funds/Pools

S&P Global Ratings assigned its 'AAA' long-term rating to the Oklahoma Water Resources Board's (OWRB) approximately $15.8 series 2021A state loan program revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on OWRB's state loan revenue bonds outstanding. The outlook is stable. The 2021A bond proceeds will be used to make loans to Wagoner County RWSSWMD No. 4, McLoud Public Works Authority, Cleveland Municipal Authority, Wellston Public Works Authority, and Hartshorne Public Works Authority. The bonds will be issued under the 2016 general bond resolution, bringing the total debt outstanding under the new resolution to about $421 million. Although not on parity with the rating on the bonds issued under the previous 1986 resolution, the ratings

...S&P Global Ratings assigned its '###' long-term rating to the Oklahoma Water Resources Board's (OWRB) approximately $15.8 series 2021A state loan program revenue bonds. At the same time, S&P Global Ratings affirmed its '###' rating on OWRB's state loan revenue bonds outstanding. The outlook is stable. The 2021A bond proceeds will be used to make loans to Wagoner County RWSSWMD No. 4, McLoud Public Works Authority, Cleveland Municipal Authority, Wellston Public Works Authority, and Hartshorne Public Works Authority. The bonds will be issued under the 2016 general bond resolution, bringing the total debt outstanding under the new resolution to about $421 million. Although not on parity with the rating on the bonds issued under the previous 1986 resolution, the ratings on these bonds and the previous bonds--issued under the 2016 resolution--equally benefit from the board's access to the Water Infrastructure Credit Enhancement Reserve Fund (WICERF)....

Summary