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Summary: Omaha, Nebraska; General Obligation Sep 09
Standard & Poors, September 2009
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: Omaha
Action: New Rating
Action: Outlook: Stable
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