Summary: Oklahoma Water Resources Board; State Revolving Funds/Pools Dec 11
- ID: 2030716
- December 2011
- Region: Oklahoma
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' rating, with a stable outlook, to the Oklahoma Water Resources Board's (OWRB) state loan program revenue bonds, series 2012. 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 our assessment of 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 fund an additional loan to Broken Arrow...
Companies mentioned in this report are:
- Oklahoma Wtr Resources Brd
Action: New Rating
Action: Outlook: Stable
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