- Language: English
- 93 Pages
- Published: July 2010
- Region: Philippines
Omaha, Nebraska; General Obligation Sep 09
- Published: September 2009
- Region: Nebraska
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Omaha, Neb.'s series 2009A and 2009B general obligation (GO) various-purpose bonds and series 2009B GO refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the city's existing debt. The rating reflects the city's: Broad and diversified regional economy, Large and diverse property tax base that exhibits steady growth, Conservative financial management, and Moderate debt burden. The city's full faith and credit pledge secures the bonds. Officials are planning to use series 2009B GO refunding bond proceeds to refund debt outstanding, including debt assumed by the city due to annexations, for interest cost savings. They are also planning to use series 2009A and 2009B GO...
Companies mentioned in this report are:
Action: New Rating
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 the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis SHOW LESS READ MORE >