Summary: Kirkwood Comnty Coll, IA; Tax Secured, General Obligation Nov 05

  • ID: 1712859
  • November 2005
  • Standard & Poors
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The 'AA-' rating on Kirkwood Community College, Iowa's GO school bonds reflects the college's: Large tax base that includes the Cedar Rapids, Iowa and Iowa City, Iowa MSAs; and A moderate debt burden with a rapid debt amortization schedule. Financial operations are improved, though adequate, which limits the above strengths. The bonds are general obligations of the college, secured by a continuing annual ad valorem property tax levy. Kirkwood Community College serves a population of 351,396 (as of 2000) and covers all, or portions of, 18 counties in eastern Iowa, including Linn and Johnson counties. Linn County is anchored by Cedar Rapids and Iowa City and the main campus of University of Iowa are located in Johnson County. The college's...

Companies mentioned in this report are:
- Kirkwood Comnty Coll

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Kirkwood Comnty Coll

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