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Article: S&P assigns BOK stable rating

Article from:
THE JOURNAL RECORD
Article date:
July 1, 1997
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NEW YORK (JR) -- Standard & Poor's on Monday assigned its triple-'B'-plus long-term counterparty rating and its `A-2' short- term counterparty rating to Bank of Oklahoma NA, the primary bank subsidiary of BOK Financial Corp. of Tulsa.

The rating outlook is stable.

Ratings reflect the sound financial profile of Bank of Oklahoma, according to Standard & Poor's. "The company enjoys strong balance sheet liquidity, favorable deposit structure, and good asset quality," S&P said. "Profitability measures are satisfactory given the heavy commercial loan exposure, which produces generally lower interest spreads. "BOK enjoys a fairly diversified business profile, reflecting its strong market presence ...

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