Summary: Iowa Board of Regents University of Northern Iowa; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Dec 10
Standard & Poors, December 2010
Abstract
Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating to the Iowa Board of Regents' series 2010A and series 2010B dormitory revenue and revenue refunding bonds, issued on behalf of the University of Northern Iowa (UNI). At the same time, Standard & Poor's affirmed it 'BBB+' rating on UNI's outstanding parity dormitory revenue bonds. The outlook is positive. Standard & Poor's also affirmed its 'A+' long-term and underlying ratings (SPUR) on UNI's various student-fee-secured bonds. The 'A+' rating is based on the application of our government-related entity (GRE) criteria –- the stand-alone credit profile (SACP) and underlying credit quality remains rated 'A'. The outlook is stable. The 'BBB+' rating on UNI's dormitory revenue bonds reflects our view of: UNI's...
Companies mentioned in this report are:
- University of Northern Iowa
- Brd of Regents, State of Iowa
Action: Affirmed
Action: New Rating
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- University of Northern Iowa
- Brd of Regents, State of Iowa
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