Standard & Poor’s has raised its rating on the debt of Oklahoma City Water Utility Trust to AAA from AA-plus in recognition of the utility’s role as a regional wholesale water supplier and its significant liquidity levels.

The triple-A rating covers the utility trust’s upcoming sale of $67.3 million of water and sewer system revenue bonds and $48.7 million of revenue refunding bonds, along with the trust’s $148 million of outstanding debt.

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