S&P rates Oklahoma Municipal Power bonds A

Standard & Poor's said it affirmed the A underlying rating on Oklahoma Municipal Power Authority's outstanding power supply system revenue bonds.

At the same time, the A underlying rating and stable outlook was assigned to the authority's power supply bonds (wrap of insured) that are backed for the secondary market by Assured Guaranty Corp.

As of Dec. 31, the authority had $508.5 million of revenue bonds outstanding, including $53 million of notes payable from lease payments made by FPL Energy Oklahoma LLC.

The outlook is stable.

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