Summary: Iowa State Board of Regents State University of Iowa; Auxiliary - System

State University of Iowa Joshua Stern, New York (1) 212-208-1241; John Kenward, Chicago (1) 312-669-9166 The rating on Iowa State Board of Regents' bonds, issued for the State University of Iowa (UI), reflects strong occupancy levels, good operating results, coverage in excess of 2.5 times (x), and the lowest room and board rates in the Big 10. The 'A' rating also reflects the 'AA-' on the university's academic building bonds. These bonds were upgraded to `AA-' from 'A+' earlier this year due to increasing enrollment, improved demand, growing levels of state appropriations, a strengthened balance sheet, and a consistently low debt burden. Other continuing factors to the rating include the university's position as the premiere comprehensive university in Iowa, strong

...The rating on Iowa State Board of Regents' bonds, issued for the State University of Iowa (UI), reflects strong occupancy levels, good operating results, coverage in excess of 2.5 times (x), and the lowest room and board rates in the Big 10. The 'A' rating also reflects the '##-' on the university's academic building bonds. These bonds were upgraded to `##-' from 'A+' earlier this year due to increasing enrollment, improved demand, growing levels of state appropriations, a strengthened balance sheet, and a consistently low debt burden. Other continuing factors to the rating include the university's position as the premiere comprehensive university in Iowa, strong levels of state support, and sound financial performance. UI receives about $295 million of state appropriations and shares co-flagship status with Iowa State University. The dormitory bonds are secured by net revenues of the housing system. The university's housing system is comprised of nine residence halls and three apartment...

Summary