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Lincoln, NE's Golf Course Revenue Refunding Bonds Rated 'AA+'; Outlook Stable Oct 01
Standard & Poors, October 2001
CHICAGO (Standard & Poor's) Oct. 17, 2001--Standard & Poor's today assigned its double-'A'-plus rating to Lincoln, Neb.'s $3.165 million golf course revenue refunding bonds series 2001 dated date of delivery due Aug. 15, 2011. At the same time, Standard & Poor's today affirmed its triple-'A' rating on the city's outstanding GO debt and infrastructure redevelopment fund bonds. The outlook is stable. The rating is based on the city's pledge to annually appropriate money from its general fund to cover debt service payments in the event that golf revenues are insufficient. Because the bonds are not backed by the city's GO pledge, the rating is set one notch below Lincoln's triple-'A' GO rating. The city's GO rating reflects its: -- Large,...
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