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

S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $77.3 million state loan program revenue bonds, series 2022B. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on OWRB's state loan revenue bonds outstanding. The outlook is stable. The OWRB will use the series 2022B bond proceeds to make a loan to the Edmond Public Works Authority, for improvements to its water treatment facility. The bonds will be issued under the 2016 general bond resolution--the board's active indenture--bringing the total debt outstanding under the new resolution to about $577 million. The ratings on OWRB's bonds issued under both the 2016 and (inactive) 1986 resolutions equally benefit from the board's access to

...S&P Global Ratings assigned its '###' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $77.3 million state loan program revenue bonds, series 2022B. At the same time, S&P Global Ratings affirmed its '###' long-term rating on OWRB's state loan revenue bonds outstanding. The outlook is stable. The OWRB will use the series 2022B bond proceeds to make a loan to the Edmond Public Works Authority, for improvements to its water treatment facility. The bonds will be issued under the 2016 general bond resolution--the board's active indenture--bringing the total debt outstanding under the new resolution to about $577 million. The ratings on OWRB's bonds issued under both the 2016 and (inactive) 1986 resolutions equally benefit from the board's access to the state's Water Infrastructure Credit Enhancement Reserve Fund (WICERF). The state statute authorizing the WICERF authorizes the OWRB to issue as much as $300 million of state general obligation (GO) bonds, as needed, to prevent...

Summary