State Capitol
9:01 am
Tue October 22, 2013

Oklahoma Officials To Visit Bond Rating Agencies

Oklahoma Secretary of Finance Preston Doerflinger.
Credit Oklahoma PCA / Flickr Creative Commons

Gov. Mary Fallin, Treasurer Ken Miller and other state officials will meet Wednesday with representatives of the nation’s leading bond rating agencies.

Fallin, Miller, Secretary of Finance, Administration and Information Technology Preston Doerflinger, Secretary of State Larry Parman and State Bond Advisor Jim Joseph are scheduled to meet with representatives of Standard and Poor’s Corporation, Fitch Ratings and others.

These agencies are used by investors as an indicator of the worthiness of a government's debt and its borrowing capacity. The ratings influence the terms and rates of state-held bonds.

Fallin tries to visit with ratings agencies on a yearly basis to make sure they know about Oklahoma’s strong economy and solid fiscal management, Alex Weintz, Fallin’s spokesman said.

“We’re highlighting everything from the state's low unemployment rate to agency consolidation and shared government services that are saving taxpayers millions of dollars," Weintz says. "The governor believes it's important - especially in light of the constant instability coming from Washington -- that ratings agencies know that Oklahoma's economy is strong and stable, and that Oklahoma policy makers are committed to pro-growth, fiscally responsible governance.”

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