S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $78.805 million state loan program revenue bonds, series 2024A. 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 2024A 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 2024A bond proceeds to make loans to Minco Municipal Authority and Muskogee Municipal Authority. 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 $891.9 million. The ratings on OWRB's bonds
