Summary: Omaha, Nebraska Omaha Public Facilities Corp; Appropriations; General Obligation; General Obligation Equivalent Security

S&P Global Ratings assigned its 'AA+' long-term rating to the Omaha Public Facilities Corporation, Neb.'s approximately $13.6 million series 2020B lease revenue bonds, issued for the city of Omaha. At the same time, we affirmed our: 'AA+' long-term rating on Omaha Parking Facilities Corp.'s and Omaha Public Facilities Corp.'s existing lease revenue bonds, which are supported by the city of Omaha; 'AA+' rating on the city's existing general obligation (GO) and special tax revenue bonds; and 'AA+' rating on the Omaha-Douglas Public Building Commission's debt outstanding. The series 2020B lease revenue bonds, Omaha Parking Facilities Corp., and Omaha Public Facilities Corp.'s existing lease revenue bonds are secured by an unconditional obligation to make rental payments from legally available funds. The

...S&P Global Ratings assigned its '##+' long-term rating to the Omaha Public Facilities Corporation, Neb.'s approximately $13.6 million series 2020B lease revenue bonds, issued for the city of Omaha. At the same time, we affirmed our: + '##+' long-term rating on Omaha Parking Facilities Corp.'s and Omaha Public Facilities Corp.'s existing lease revenue bonds, which are supported by the city of Omaha; + '##+' rating on the city's existing general obligation (GO) and special tax revenue bonds; and + '##+' rating on the Omaha-Douglas Public Building Commission's debt outstanding. The series 2020B lease revenue bonds, Omaha Parking Facilities Corp., and Omaha Public Facilities Corp.'s existing lease revenue bonds are secured by an unconditional obligation to make rental payments from legally available funds. The city's obligation is unconditional throughout the term of the lease and is not subject to abatement or annual renewal. Omaha is required to include appropriations for paying the annual...

Summary