S&P Global Ratings assigned its 'A-? long-term rating to the city of North Platte , Neb.'s estimated $2.5 million series 2025A combined utilities revenue bonds and $22.2 million series 2025B revenue bonds. The outlook is stable. The series 2025A and 2025B bonds are secured by net revenues of the combined utilities. The combined utilities consist of the electric, water, wastewater, and industrial wastewater fund. The city has no outstanding obligations for the combined utilities, but has about $2 million of outstanding wastewater system obligations as of Sept. 30, 2024. The bond proceeds, which we understand will not be issued until the agreement with Sustainable Beef is signed, will be used for capital improvements, particularly the construction of an industrial wastewater
