Press Release

New York, March 20, 2025 – Moody’s Ratings (Moody’s) has assigned a Aa2 rating to
the State of Oklahoma’s approximately $275 million State Highways Capital
Improvement Revenue Bonds, Series 2025A (Oklahoma Department of
Transportation Project), to be issued through the Oklahoma Capitol Improvement
Authority (OCIA). We maintain a Aa1 issuer rating on the state. The outlook is stable.