The rating on Oklahoma City, Okla.'s bonds reflects a diversified economic base, slightly concentrated in the government sector, with projections of modest employment growth; sound financial operations; and a low debt burden with a manageable capital improvement program. Oklahoma City is the capital and main economic center of the state. The city's economic stability is based on a large state and federal government presence. Manufacturing, health, and business services help to diversify the employment base. Population growth continues at a steady pace, increasing 5.4% since 1990 to 469,000, although at a slower rate than that of the metropolitan area. Assessed valuation increased by 2.7% last year to its fiscal 1997 level of $1.97 billion. Average annual growth of 3.4% for...
Companies mentioned in this report are:
- Oklahoma City
Action: New Rating
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