North Platte, NE GO Bond Rating Lowered To 'A-' On Negative General Fund Balance - S&P Global Ratings’ Credit Research

North Platte, NE GO Bond Rating Lowered To 'A-' On Negative General Fund Balance

North Platte, NE GO Bond Rating Lowered To 'A-' On Negative General Fund Balance - S&P Global Ratings’ Credit Research
North Platte, NE GO Bond Rating Lowered To 'A-' On Negative General Fund Balance
Published Sep 29, 2017
3 pages (983 words) — Published Sep 29, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) Sept. 29, 2017--S&P Global Ratings lowered its long-term rating to 'A-' from 'A' on North Platte, Neb.'s existing general obligation (GO) debt. The outlook is negative. "The lowered rating reflects our view of the city's negative adjusted general fund available balance and very weak budgetary flexibility," said S&P Global Ratings credit analyst David Smith. The city's existing GO debt is secured by its full faith and credit GO pledge. The debt is also secured by special assessment revenues. The city, with an estimated population of 24,072, is located in Lincoln County.

  
Brief Excerpt:

...Primary Credit Analyst: David H Smith, Chicago (312) 233-7029; david.smith@spglobal.com Secondary Contact: Helen Samuelson, Chicago (1) 312-233-7011; helen.samuelson@spglobal.com...

  
Report Type:

Ratings Action

Issuer
North Platte
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "North Platte, NE GO Bond Rating Lowered To 'A-' On Negative General Fund Balance" Sep 29, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/North-Platte-NE-GO-Bond-Rating-Lowered-To-A-On-Negative-General-Fund-Balance-1924331>
  
APA:
S&P Global Ratings’ Credit Research. (). North Platte, NE GO Bond Rating Lowered To 'A-' On Negative General Fund Balance Sep 29, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/North-Platte-NE-GO-Bond-Rating-Lowered-To-A-On-Negative-General-Fund-Balance-1924331>
  
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