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Oklahoma City, Oklahoma; Tax Secured, General Obligation Jan 04 Product Image

Oklahoma City, Oklahoma; Tax Secured, General Obligation Jan 04

  • Published: January 2004
  • Region: Oklahoma
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Oklahoma City, Okla.'s series 2004 GO bonds. The rating reflects the city's: Diverse, expanding regional economic base; Significant ongoing redevelopment in the downtown area, which management expects to spark additional private sector investment; Consistently strong financial management and position; and Low debt levels, coupled with a manageable capital improvement program (CIP). Offsetting factors include the city's: Reliance on sales taxes as the primary operating revenue stream, which impairs revenue flexibility; and Below-average income levels. The city's full faith and credit pledge secures the bonds. Oklahoma City, with a population of about 520,000, is the state capital and the state's primary economic center. The city's economic stability is...

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- Oklahoma City

Action: New Rating

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