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S&P Credit Research923 word report
published Jul 18, 2003
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| Abstract: | The 'A+' rating on Fremont, Neb.'s combined utilities revenue and refunding bonds series 2003A and B reflects: Strong historical debt service coverage from combined revenues of 2.64x in fiscal 2002, after the revenue transfer to the general fund and capacity to issue the additional debt with revenues in fiscal 2002 providing 1.93x coverage of maximum annual debt service including the series 2003 debt service; Low-cost power from the city's own 130-MW coal-fired plant and Western Area Power Admin. (WAPA) allocation, at an average cost of power at about $20 per MWh; Strong competitive position with residential rates 30% below the state average, coupled with limited risk of competition in the electric market given the state's "condition certain" approach to deregulation;
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Fremont, NE; Utility, Combined Utility Publication date: 18-Jul-2003 Credit Profile $11.58 mil comb util rev and rfdg bnds ser 2003A & B due 08/15/2003 A+ Sale date: 25-JUL-2003 AFFIRMED $22.565...
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| Report Type: | Summary
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| Issuer: | Fremont
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| Sector: | Public Finance
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| Free Sample: |
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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.
Also from S&P Credit Research
- Summary: Fremont, Nebraska; Combined Utility $175.00
Standard&Poor's Ratings Services assigned its 'AA-' rating to Fremont, Neb.'s combined utilities revenue refunding bonds and affirmed its 'AA-' underlying rating (SPUR) on the city's outstanding parity combined utilities revenue bonds. Credit ...
- Summary: Fremont, Nebraska; Combined Utility $175.00
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 ...
- Fremont, NE's Rev Bond SPUR Raised To 'AA-' On Strong Financial Performance $100.00
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 ...
- Summary: Fremont, Nebraska; Combined Utility $175.00
Standard&Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on Fremont, Neb.'s combined utilities revenue bonds. The rating reflects the city's: Strong historical debt service coverage (DSC), with combined ...
- Summary: Fremont, NE; Utility, Combined Utility $175.00
The 'A+' rating on Fremont, Neb.'s combined utilities revenue and refunding bonds series 2005 reflects: Strong historical debt service coverage from combined revenues of 2.95x in fiscal 2004, after the revenue transfer to the general fund; ...
- Summary: Fremont, NE; Utility, Combined Utility $175.00
The 'A+' rating on Fremont, Neb.'s combined utilities revenue and refunding bonds reflects the following credit strengths: Strong historical debt service coverage from combined revenues of 3.03 times (x) in fiscal 2000, after the revenue transfer ...
- Fremont, NE's Combined Utilities Revenue and Refunding Bonds Rated 'A+' $175.00
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 ...