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

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

  • Published: June 2002
  • Region: Oklahoma
  • Standard & Poors

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,...

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- Oklahoma City

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