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

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

  • Published: September 2011
  • Region: Oklahoma
  • Standard & Poors

Abstract
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

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Oklahoma Tpk Auth

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