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Summary: Oklahoma County Finance Authority, Oklahoma City County Health Department; Appropriations Dec 11 Product Image

Summary: Oklahoma County Finance Authority, Oklahoma City County Health Department; Appropriations Dec 11

  • Published: December 2011
  • Region: Oklahoma
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Oklahoma County Finance Authority, Okla.'s series 2011 lease revenue bonds, issued on behalf of Oklahoma City County Health Department. The outlook is stable. Under the lease agreement, Oklahoma City County Health Department agrees to seek appropriation and appropriate the required debt service amount in its annual budget. The term of the agreement is for one year and may be renewed for successive one-year terms each July 1. The rating reflects the department's annual appropriation risks and strong general creditworthiness, including what we regard as the department's: Relatively low level of funding interdependence with the federal government; Deep, diversified economic and employment base of Oklahoma City that serves as the...

Companies mentioned in this report are: Oklahoma City Cnty Hlth Dept,Oklahoma Cnty Fin Auth
Action: New Rating
Action: Outlook: Stable

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Oklahoma City Cnty Hlth Dept,Oklahoma Cnty Fin Auth

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