S&P rates University of Oklahoma bonds AA

Standard & Poor's said it assigned an AA rating to the $45.8 million tax-exempt series 2008A and $25.4 million taxable series 2008B general revenue bonds issued by the Board of Regents of the University of Oklahoma on behalf of the University of Oklahoma Health Sciences Center. The outlook is stable.

Proceeds will be used to fund two-thirds of the cost of constructing a Cancer Institute that will house clinical and research operations.

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