Moody’s Investors Service last week affirmed its Aa2 on Nebraska’s outstanding certificates of participation, which are issued to finance a variety of leases and equipment purchases for state agencies.

An infrequent issuer, the state has only $23 million of outstanding COPs and does not issue general obligation debt. Moody’s does not maintain an issuer rating on Nebraska, and assigns an Aa2 to its COPs and senior tax-backed debt.

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