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Summary: Omaha, Nebraska; General Obligation Oct 07

  • ID: 1927944
  • October 2007
  • Region: Nebraska
  • Standard & Poors

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 READ MORE >

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