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Omaha Public Power District, NE's $300M Subordinate Revenue Bonds Rated 'AA-'; Outlook Stable Jun 05 Product Image

Omaha Public Power District, NE's $300M Subordinate Revenue Bonds Rated 'AA-'; Outlook Stable Jun 05

  • Published: June 2005
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) June 30, 2005--Standard & Poor's Ratings Services today assigned its 'AA-' rating to Omaha Public Power District (OPPD), Neb.'s proposed $300 million electric system subordinated revenue bonds, or periodically issued bonds (PIBs). Standard & Poor's also affirmed the 'AA' rating on all outstanding revenue bonds at OPPD and the 'A-1+' short-term rating on OPPD's commercial paper program. The 'AA-' rating on the PIBs reflects a subordinate lien position on the revenues of OPPD's electric system. The 'AA' rating on OPPD's outstanding revenue bonds is reflective of the systems strong financial ratios, moderate debt burden, strong operating history, and prudent risk management strategies. "OPPD has maintained stable rates and debt service coverage ratios of more than...

Companies mentioned in this report are:
- Omaha Pub Pwr Dist

Action: Affirmed
Action: New Rating

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- Omaha Pub Pwr Dist

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