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Summary: Omaha, Nebraska; General Obligation Oct 10

  • ID: 1928018
  • October 2010
  • Region: Nebraska
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Omaha, Neb.'s series 2010 general obligation (GO) refunding bonds and series 2010 GO various-purpose bonds and affirmed its 'AAA' rating, with a stable outlook, on the city's existing GO debt. The rating reflects our opinion of the city's: Broad and diversified regional economy, Large and diverse property tax base, Conservative financial management, and Moderate debt burden. The city's full faith and credit pledge secures the bonds. Officials plan to use series 2010 GO refunding bond proceeds to refund the city's debt outstanding, including debt assumed by the city due to annexations, for interest cost savings and series 2010 GO various-purpose bond proceeds to finance numerous citywide capital...

Companies mentioned in this report are:
- Omaha

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

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