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Summary: University of Northern Iowa; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Feb 08

  • ID: 1815365
  • February 2008
  • Region: Iowa
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A' rating to the Iowa Board of Regents' $12 million academic building revenue (ABR) bonds, series U.N.I. 2008, issued on behalf of University of Northern Iowa (UNI). In addition, Standard & Poor's affirmed its 'BBB+' rating on UNI's outstanding dormitory revenue bonds and its 'A' rating and underlying rating (SPUR) on the university's various student-fee-secured bonds. The ratings reflect: UNI's position as the smallest of three public universities in the State of Iowa (issuer credit rating: 'AA+/Stable'); Reliance on state support, which increased to $93.8 million in fiscal 2008; Five consecutive years of declining enrollment between fall 2002 and 2006, mitigated by a 2.8% increase in fall 2007 to a headcount of 12,609;...

Companies mentioned in this report are:
- University of Northern Iowa

Action: Affirmed
Action: New Rating

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- University of Northern Iowa

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