Omaha, NE Various Purpose And Lease Revenue Bonds Assigned 'AA+' Rating; Outlook Stable

CHICAGO (S&P Global Ratings) Nov. 20, 2024--S&P Global Ratings assigned its 'AA+' long-term rating to Omaha, Neb.'s approximately $73 million series 2024 various purpose bonds and $39 million series 2024C lease revenue bonds, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024. The outlook is stable. "The 'AA+' long-term rating reflects our view of the city's position as one of the premier economic centers in Nebraska as well as its history of healthy operating performance, sizable reserve balances, and prudent financial management practices, including a robust budget development process and long-term planning for capital and infrastructure needs," said S&P Global Ratings credit analyst Malcolm Simmons. "Despite these credit strengths, Omaha's exposure to large and

...November 20, 2024 CHICAGO (S&P Global Ratings) Nov. 20, 2024--S&P Global Ratings assigned its '##+' long-term rating to Omaha, Neb.'s approximately $73 million series 2024 various purpose bonds and $39 million series 2024C lease revenue bonds, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024. The outlook is stable. "The '##+' long-term rating reflects our view of the city's position as one of the premier economic centers in Nebraska as well as its history of healthy operating performance, sizable reserve balances, and prudent financial management practices, including a robust budget development process and long-term planning for capital and infrastructure needs," said S&P Global Ratings credit analyst Malcolm Simmons. "Despite these credit strengths, Omaha's exposure to large and poorly funded long-term pension obligations weighs negatively on our view of its long-term credit profile," he added. The stable outlook reflects our expectation...

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