Summary: Oklahoma Water Resources Board, Oklahoma; State Revolving Funds/Pools Aug 10

Standard & Poors, August 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating to the Oklahoma Water Resources Board's (OWRB) state loan program revenue bonds, refunding series 2010B. At the same time, Standard & Poor's affirmed its 'AAA' rating on the board's state loan program revenue bonds outstanding. The 'AAA' rating reflects the program's: Substantial program reserves, coupled with annual coverage, that exceed Standard & Poor's requirements for 'AAA' rated pools, given the potential default rates; The strong history of borrower repayment, with no loans in default; Strong financial management and program oversight; and Sound underwriting standards and strong loan requirements to local borrowers. Board officials will use bond proceeds to make a loan to the Waurika Lake Master Conservancy District, Oklahoma. OWRB has...

Companies mentioned in this report are:
- Oklahoma Wtr Resources Brd
- Tulsa Metro Util Auth

Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Oklahoma Wtr Resources Brd
- Tulsa Metro Util Auth

Customers who bought this item also bought

• Government Investment Pools Report
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• Charter Schools - Global Outlook
• Academic Interlibrary Loan Benchmarks, 2011 Edition
• Uganda Infrastructure Report Q4 2011
• eLEARNING - Global Strategic Business Report
• The Survey of Higher Education Faculty: Use of Academic Library Interlibrary Loan Services
• 2012 America's Neighborhoods-Zip Code 73160 for Oklahoma City, OK report
• Argentina Infrastructure Report Q2 2012
• Uganda Infrastructure Report Q2 2012