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'AA-' Rating Assigned To Oklahoma Turnpike Authority's Nearly $521 Million Revenue Bonds Sep 11

  • ID: 1929880
  • September 2011
  • Region: Oklahoma
  • Standard & Poors
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DALLAS (Standard & Poor's) Sept. 22, 2011-- Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Oklahoma Turnpike Authority's (OTA) nearly $521 million series 2011A turnpike system refunding second senior-lien revenue bonds. At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying rating (SPUR) on the authority's outstanding debt. The outlook on all ratings is stable. "The rating reflects our view of the authority's continued steady historical financial performance when including the added pledge of apportioned motor fuel taxes and strong-but-reduced liquidity," said Standard & Poor's credit analyst Todd Spence. "Further supporting the rating is our view of the impressively consistent demand profile of a mature and diverse statewide turnpike system that has exhibited low...

Companies mentioned in this report are: Oklahoma Tpk Auth
Action: Affirmed
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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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Oklahoma Tpk Auth

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