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Fremont, NE's Rev Bond SPUR Raised To 'AA-' On Strong Financial Performance Jul 08 Product Image

Fremont, NE's Rev Bond SPUR Raised To 'AA-' On Strong Financial Performance Jul 08

  • ID: 2047189
  • July 2008
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) July 18, 2008-- Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A+' on Fremont, Neb.'s outstanding combined utilities revenue bonds. In addition, Standard & Poor's assigned its 'AA-' rating to the city's series 2008 combined utilities revenue bonds. The outlook is stable. "The raised rating reflects the city's continued strong financial performance and manageable capital needs, which should allow for continued strong margins and liquidity," said Standard & Poor's credit analyst Paul Dyson. "The rating also reflects very strong historical debt service coverage." The bonds are being issued to fund a new transmission main for the water system that will eventually double Fremont's capacity from its well field located outside...

Companies mentioned in this report are:
- Fremont

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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