S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $42.395 million state loan program revenue bonds, series 2023C. 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 2023C 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 2023C bond proceeds to make loans to Alva Utility Authority, Broken Arrow Municipal Authority, Duncan Public Utilities Authority, and Owasso Public Works Authority and to refund a loan to Seiling Public Works Authority. The bonds will be issued under the 2016 general bond resolution--the board's
