Standard & Poor’s dropped its rating on the Omaha Metropolitan Utility District to A from A-plus due to decreasing debt service coverage levels, the ratings agency said last week.

“The downgrade is attributable to three straight fiscal years of operations with less than one times debt service coverage and significant reductions in the unrestricted cash and investment balance to less than $500,000 on Dec. 31, 2010,” analyst Scott Garrigan said in a release on the downgrade.

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