The group is going to New York to meet Thursday with officials from the leading bond rating agencies, including Standard & Poor's, Fitch Ratings and Moody's Investor Service.
NewsOK
BY MICHAEL MCNUTT mmcnutt@opubco.com
Published: January 18, 2012
State officials are heading this week to New York to talk about improving Oklahoma's bond ratings.
The group plans to meet Thursday with officials from leading bond rating agencies, including Standard & Poor's, Fitch Ratings and Moody's Investor Service. The agencies issue ratings which are used by investors as an indicator of the worthiness of a government's debt and its borrowing capacity. The ratings influence the terms and rates of state-held bonds.
Gov. Mary Fallin, state Treasurer Ken Miller, state Finance Director Preston Doerflinger and state Bond Adviser Jim Joseph are making the trip.
“AAA” is the highest bond credit rating that Standard & Poor's, Fitch and Moody's issue for government bonds. Both Standard & Poor's and Fitch give Oklahoma an “AA+” rating, the second-highest rating. Moody's gives Oklahoma an “AA2” rating, the agency's third-highest rating... FULL ARTICLE
Posted on
Wed, January 18, 2012
by John Cox