Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Sarpy County School District No. 37 (Gretna Public Schools), Neb.'s series 2011C general obligation (GO) bonds. At the same time, we affirmed our 'A+' long-term rating on the district's existing GO debt. The outlook is stable. The rating reflects our opinion of the district's: Stable local economy and access to the strong and diverse Omaha economy, Very strong income and wealth levels, and Strong general fund reserves as reported on a cash basis of accounting. Partially offsetting the above strengths is our view of the district's moderately high to high and increasing debt burden, which stems from capital pressures. Unlimited ad valorem taxes levied on taxable property in the...
Companies mentioned in this report are:
- Sarpy Cnty Sch Dist #37 Gretna Pub Schs
Action: New Rating
Action: Outlook: Stable
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