S&P Global Ratings assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) anticipated $29.585 million series 2025A state loan program revenue bonds. 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 2025A 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 2025A bond proceeds to make loans to the following eligible entities: Piedmont Municipal Authority, and Sapulpa 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 $ 1.12 billion,
