University of Iowa Facilities Corp. State University of Iowa; Auxiliary - System; Note; Public Coll/Univ - Limited Student Fees; Public Coll/Univ - Unlimited Student Fees Feb 12

  • ID: 2049342
  • February 2012
  • Region: Iowa
  • Standard & Poors
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  • The State Univ of Iowa
  • MORE

Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to the University of Iowa Facilities Corp.'s series 2012 revenue refunding bonds, issued on behalf of the State University of Iowa (SUI). At the same time, Standard & Poor's has affirmed its 'AA' long-term and underlying rating (SPUR) on SUI's outstanding revenue bonds, academic building revenue bonds, memorial union revenue bonds, and telecommunications facilities revenue bonds. Standard & Poor's has also affirmed its 'AA-' long-term rating and SPUR on SUI's athletic facility revenue bonds and its 'A+' long-term rating on SUI's parking system and dormitory debt. Finally, Standard & Poor's affirmed its 'SP-1+' short-term rating on the university's series 2009 bond anticipation notes (BANs) that mature on Jan.1, 2013,...

Companies mentioned in this report are:
- The State Univ of Iowa
- University of Iowa Fac Corp

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.

Research Type: Full Analysis

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- The State Univ of Iowa
- University of Iowa Fac Corp

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