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Summary: Omaha, Nebraska; General Obligation Oct 07

  • ID: 1927944
  • October 2007
  • Region: Nebraska
  • Standard & Poors
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Abstract
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:
- Omaha

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes READ MORE >

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Omaha

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