S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $43.145 million state loan program revenue bonds, series 2023A. 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 2023A bonds are secured by borrower loan repayments and the debt service reserve fund established under the 2016 general bond resolution. The OWRB will use the series 2023A bond proceeds to make loans to the Chandler Municipal Authority, the Cherokee County Rural Water District No. 13, the El Reno Municipal Authority, the Muskogee County Rural Water District No. 1, the Pawnee Public Works Authority, the Rogers County Rural Water District No. 4,
