Susan Carlson, Chicago (1) 312-669-9182; John Kenward, Chicago (1) 312-669-9166 The rating on Iowa State Board of Regents' bonds, issued for Iowa State University of Science and Technology, reflects: The university's general credit strength and strong state support as a land-grant institution, The dormitory system's financial strength and diversity, Sound universitywide financial performance, Stable demand, and A moderate 5.6% debt burden. An offsetting credit factor is limited amounts of unrestricted monies. The dormitory bond rating is differentiated due to a more limited pledged revenue stream. Dormitory bonds are on parity with $73.8 million outstanding bonds and are secured by net revenues of the university's residence system, which consists of three residence complexes with dining halls housing 8,970 students. Total system
