Omaha’s AAA Rating Goes Negative

By: WOWT Email
By: WOWT Email

The U.S. and Omaha’s received the same mix of good and bad news concerning their economies this week. Both have been informed their bond rating will remain AAA. However, both have been informed that their outlook is now considered negative.

Omaha’s city finance department was notified of the news Thursday by Moody’s Investors Services. Mayor Jim Suttle’s office reports Omaha was one of 177 AAA U.S. Public Finances Issuers that received the notification.

The city was informed that the move to negative was indirectly linked to the U.S. government’s rating. Moody’s will continue to evaluate each outlook on a case-by-case basis in the coming weeks.

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