Summary: Iowa State University of Science and Technology; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Jan 08
- ID: 1815029
- January 2008
- Region: Iowa
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' rating to the $25.0 million academic building revenue bonds, series ISU 2008, issued on behalf of Iowa State University of Science and Technology (Iowa State, ISU). In addition, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on Iowa State's outstanding parity academic building revenue bonds and other university debt with student fee-based ratings. We also affirmed the 'A/Stable' ratings and SPURs on the university's outstanding dormitory bonds and parking revenue bonds. Standard & Poor's does not rate ISU's athletic or utility revenue bonds. The rating reflects: Strong historical financial support from Iowa ('AA+/Stable' issuer credit rating) and the university's academic and research niche as a land-grant institution; Strong overall university financial...
Companies mentioned in this report are:
- Iowa St Univ Of Science & Tech I S U
Action: New Rating
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