Summary: Univ Of Northern Iowa; Higher Education, Auxilliary - System; Higher Education, Public Coll/Univ - Unlimited Student Fees Apr 03
- ID: 1815269
- April 2003
- Region: Iowa
- Standard & Poors
Standard and Poor's Ratings Services assigned an 'A' rating to the Iowa Board of Regents Academic Building Revenue Refunding Bonds, U.N.I. series 2003, issued on behalf of the University of Northern Iowa (UNI). The 2003 bonds are secured by gross student fees and charges, and will be on parity with $38.5 million academic revenue bonds. Bond proceeds will be used to refund portions of the outstanding 1992 and 1992 academic revenue bonds. The rating reflects: UNI's position within the State of Iowa (Standard & Poor's GO investor credit rating of AA+/Stable/--) higher education funding hierarchy, Historically strong state financial support, Historically stable enrollment and demand trends, Balanced financial operations in 2001, but a draw-down of reserves in 2002 due to...
Companies mentioned in this report are: University of Northern Iowa
Action: New Rating
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