Iowa State University Of Science And Technolgy's Rating On Outstanding Debt Raised To 'AA'; Outlook Stable Jul 09

Standard & Poors, July 2009

Abstract
DALLAS (Standard & Poor's) July 30, 2009--Standard & Poor's Ratings Services raised its long term and underlying ratings (SPURs) on Iowa State University of Science and Technology's (Iowa State, ISU) outstanding academic building revenue bonds and other university debt with unlimited student fee-based ratings to 'AA' from 'AA-'. In accordance with our enhanced criteria for rating government-related entities (GREs), the upgrade reflects Standard & Poor's opinion that there is a "moderately high" likelihood that the state of Iowa (AAA/Stable) would provide extraordinary support to the university in case of financial distress. As a result, the rating on the university's academic building revenue bonds and other outstanding unlimited student fee bonds is one notch higher than its stand-alone credit profile, which...

Companies mentioned in this report are:
- Iowa St Univ Of Science & Tech I S U
- Brd of Regents, State of Iowa

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Iowa St Univ Of Science & Tech I S U
- Brd of Regents, State of Iowa

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