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Summary: Omaha Public Power District, Nebraska; CP; Retail Electric; Wholesale Electric Mar 07
Standard & Poors, March 2007
Standard & Poor's Ratings Services today assigned its 'AA-' rating to Omaha Public Power District (OPPD), Neb.'s proposed $200 million electric system subordinated revenue bonds, 2007 series AA. At the same time, Standard & Poor's affirmed the ratings on all of OPPD's outstanding debt. The 2007 series AA bond proceeds will be used to reimburse OPPD for previously incurred capital expenditures and retire $100 million of the CP notes. OPPD's creditworthiness is reflected in its strong business position ('3' on a 10-point scale where '1' is least vulnerable). The assessment reflects OPPD's strong physical operations, conservative financial policies, growing native load with little customer concentration, and sound finances. OPPD provides retail service to about 331,370 customers in Omaha and the...
Companies mentioned in this report are:
- Omaha Pub Pwr Dist
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Omaha Pub Pwr Dist