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Oklahoma City, Oklahoma; Tax Secured, General Obligation Jun 02 Product Image

Oklahoma City, Oklahoma; Tax Secured, General Obligation Jun 02

  • ID: 2033858
  • June 2002
  • Region: Oklahoma
  • Standard & Poors

Abstract
The 'AA' rating on Oklahoma City, Okla.'s GO refunding bonds is based on the city's full faith and credit pledge. The rating reflects the city's: Diverse and expanding regional economic base; Significant ongoing redevelopment in the downtown area, which is expected to spark additional private-sector investment; Consistently strong financial management and position; and Low debt levels, coupled with a manageable capital improvement program. Offsetting factors include: Reliance on sales taxes as the primary operating revenue stream, which reduces financial flexibility; Below-average income levels; and Some economic concentration in the government sector. Oklahoma City is the state capital and the state's primary economic center. The city's economic stability is based, in part, on a large state and federal government presence. Manufacturing,...

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

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- Oklahoma City

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