Summary: Kirkwood Comnty Coll, IA; Tax Secured, General Obligation Nov 05
- ID: 1712859
- November 2005
- Standard & Poors
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: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >