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S&P Credit Research1008 word report
published Aug 22, 2001
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| Abstract: | SAN FRANCISCO (Standard & Poor's) Aug. 22, 2001--Standard & Poor's today assigned its single-'A'-plus rating to the City of Fremont, Neb.'s $22.57 million combined utilities revenue and refunding bonds series 2001B. The outlook is stable. Although the bonds are secured by a net revenue pledge from the city's electric, gas, water and sewer utility funds, the rating primarily reflects the credit factors of the electric and gas funds, which accounted for 86% of the combined revenues in fiscal 2000. The series 2001B bonds will be on parity with approximately $18.5 million in outstanding debt. Approximately $20 million in new money will finance the construction of a 40 MW gas-fired peaking plant and the remaining $2.5 million will refund the outstanding
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| Brief Excerpt: | RESEARCH Ratings Definitions Fremont, NE's Combined Utilities Revenue and Refunding Bonds Rated 'A+' Publication date: 22-Aug-2001 SAN FRANCISCO (Standard & Poor's) Aug. 22, 2001--Standard & Poor's today assigned its single-'A'-plus...
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| Issuer: | Fremont
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| Sector: | Public Finance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Summary: Fremont, Nebraska; Combined Utility $175.00
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