Iowa Finance Authority Variable-Rate Demand IDRB Refunding Bonds Series 1989A Rating Withdrawn

NEW YORK (Standard&Poor's) April 3, 2015--Standard&Poor's Ratings Services today withdrew its 'AA+' rating on Iowa Finance Authority's $6.2 million variable-rate demand industrial development revenue refunding bonds series 1989A due Aug. 1, 2016. Although the bonds are still outstanding and are defeased, we withdrew the rating because we were not provided with an escrow agreement to evaluate, and at the issuer's request. STANDARD&POOR'S 17G-7 DISCLOSURE REPORT SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties, and enforcement mechanisms available to investors and a description of how they differ from the representations, warranties, and

...NEW YORK (Standard & Poor's) April 3, 2015--Standard & Poor's Ratings Services today withdrew its '##+' rating on Iowa Finance Authority's $6.2 million variable-rate demand industrial development revenue refunding bonds series 1989A due Aug. 1, 2016. Although the bonds are still outstanding and are defeased, we withdrew the rating because we were not provided with an escrow agreement to evaluate, and at the issuer's request. STANDARD & POOR'S 17G-7 DISCLOSURE REPORT SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties, and enforcement mechanisms available to investors and a description of how they differ from the representations, warranties, and enforcement mechanisms in issuances of similar securities. The Rule applies to in-scope securities initially rated (including preliminary ratings) on or after Sept. 26, 2011. If applicable, the Standard...

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