Fitch Rates Oklahoma's $45MM ODFA Bonds 'AA'; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the following issue of the state of Oklahoma: --$44.61 million Oklahoma Development Finance Authority (ODFA) Oklahoma state system of higher education master real property lease revenue bonds, series 2014E (subject to annual appropriation). The bonds are expected to sell via negotiation on or about Sept. 9, 2014. In addition, Fitch affirms the ratings on the following outstanding debt: --$1.15 billion appropriation-backed debt of the state issued by the Oklahoma Capital Improvement Authority at 'AA'; --$789.8 million appropriation-backed debt of the state issued by the ODFA at 'AA'. The Rating Outlook is Stable. SECURITY The...