Oklahoma City; General Obligation Mar 08
Standard & Poors, March 2008
Abstract
Standard & Poor's Ratings Services assigned its 'AA+' standard long-term rating, and stable outlook, to Oklahoma City's series 2008A general obligation (GO) bonds and series 2008 limited-tax GO bonds and affirmed its 'AA+' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the city's previously issued GO debt. The ratings reflect the city's: Diverse, expanding regional economic base that serves as Oklahoma's economic engine; Significant ongoing redevelopment in the downtown area; Consistently strong financial performance and position, coupled with conservative financial management practices; and Low debt levels, coupled with a large, but affordable, capital improvement program (CIP). Offsetting factors include the city's: Limited revenue-raising flexibility due to its inability to levy a property tax...
Companies mentioned in this report are:
- Oklahoma City
Action: New Rating
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: Full Analysis
- Oklahoma City
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