NEW YORK (Standard&Poor's) April 12, 2013--Standard&Poor's Ratings Services today affirmed its short-term 'A-1+' rating on Iowa Finance Authority' s $1.194 billion Midwestern disaster area revenue bonds (for the Iowa Fertilizer Co. project) series 2012 due Dec. 1, 2050. The Series 2012 bonds were issued Dec. 19, 2012, were subject to a mandatory tender on April 12, 2013. The Series 2012 bonds will now be remarketed on April 12, 2013, subject to a new mandatory tender on May 31, 2013 (the extended termination date). The assigned rating is based on our credit opinion of the sufficiency, liquidity, and credit quality of the escrowed collateral supporting the repayment of the bonds when the bonds are in the pre-construction
