Iowa Board Of Regents Iowa State University Of Science & Technology (ISU); Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Apr 12
- Language: English
- Published: April 2012
- Region: Iowa
The rating on Iowa State Board of Regents' (Regents) bonds, issued for Iowa State University of Science and Technology ISU (ISU), includes the following credit factors: The university's general credit strength and strong level of state support as a land-grant institution; The dormitory system's financial strength and diversity; Sound university-wide financial performance; Stable demand; and Moderate 5.6% debt burden. An offsetting credit factor is limited amounts of unrestricted monies. The dormitory bond rating is differentiated due to a more limited pledged revenue stream. Dormitory bonds are on parity with $56.4 million outstanding bonds and are secured by net revenues of the university's residence system, which consists of three residence complexes with dining halls housing 8,970 students. Total system occupancy was...
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Action: New Rating
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