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Omaha, Nebraska; General Obligation Jul 08
Standard & Poors, July 2008
The 'AAA' rating on Omaha, Neb.'s general obligation (GO) refunding bonds series 2008 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, 433,715) 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 and encompasses nearly half of the state's population. Its employment base is well diversified, stabilized by jobs in agribusiness, a strong university presence, and a large and growing number of health care...
Companies mentioned in this report are: Omaha
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