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Iowa State Board of Regents Dormitory Revenue Bonds Rated 'A' Jan 00 Product Image

Iowa State Board of Regents Dormitory Revenue Bonds Rated 'A' Jan 00

  • Published: January 2000
  • Region: Iowa
  • Standard & Poors

Abstract
CHICAGO (Standard & Poor's CreditWire) Jan. 14, 2000--Standard & Poor's today assigned its single-'A' rating to Iowa State Board of Regents' $9.53 million dormitory revenue bonds series 2000A due July 1, 2003-2027, issued for Iowa State University of Science and Technology. The bonds are scheduled to sell Jan. 19, 2000. In addition, Standard & Poor's affirmed its single-'A' rating on the university's outstanding dormitory revenue bonds and its single-'A'-plus rating on the university's outstanding unlimited-fee GO bonds. Credit factors include: ý-- The university's general credit strength and strong state support as a land-grant institution, ý-- The dormitory system's financial strength and diversity, ý-- Sound universitywide financial performance, ý-- Stable demand, and ý-- A moderate 5.6% debt burden. An offsetting credit...

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