The 'AAA' rating on Omaha, Neb.'s various purpose and refunding bonds reflects the city's: Broad and diversified regional economy; Large and diverse tax base, which exhibits steady growth; Conservative financial management; and Moderate debt burden. The city's unlimited-tax GO pledge secures the bonds. Omaha (current population, 419,545) is the state's largest city. Due to annexations and its thriving economy, Omaha's population grew 16% during the 1990s to 390,000 by the 2000 U.S. Census. The city serves as a regional economic center for the eight-county service area. Its employment base is well diversified, stabilized by jobs in agribusiness, a strong university presence, and a large and growing number of health care jobs. Offutt Air Force Base is another stabilizing presence, and...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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