CUSIP 67884XBT3
- ISIN: US67884XBT37
- Entity Name: Oklahoma Development Finance Authority/The
- Sector: Municipal Agency
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Rating Downgrade
- News: S&P Global Ratings lowered its long-term rating on the Oklahoma Development Finance Authority`s series 2015A bonds to `A+` from `AA-`. We also lowered our dual rating on the authority`s series 2015B bonds to `A+/A-1` from `AA-/A-1+`. Both series were issued for INTEGRIS Baptist Medical Center Obligated Group (INTEGRIS Health). The outlook is stable. Our report refers to the entire INTEGRIS Health system (INTEGRIS), and all figures refer to INTEGRIS Health Inc. and controlled entities (i.e. the audit for the system as a whole). The lower rating reflects INTEGRIS` sustained negative operations (per S&P Global Ratings calculation), combined with our belief that certain balance sheet metrics--namely days` cash on hand--have weakened and will continue to do so over the near term.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US67884XBT37