Oklahoma State University’s credit rating was increased last week by Standard & Poor’s to AA-minus from A-minus with a stable outlook. The new rating applies to OSU’s outstanding athletic facility revenue bonds, recreational facility bonds and student union revenue bonds.

The AA-minus rating also applies to $64.4 million of general revenue debt to be issued by the Oklahoma A&M College Board of Regents in July on behalf of Oklahoma State. Standard & Poor’s assigned an SP-1-plus short-term rating to the planned issuance of $150 million of taxable bond anticipation notes.

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