University of Dubuque, IA Revenue And Refunding Bonds Assigned 'BBB' Rating

CENTENNIAL (S&P Global Ratings) July 1, 2021--S&P Global Ratings assigned its 'BBB' long-term rating to the Iowa Higher Education Loan Authority's approximately $12.845 million series 2021 revenue and refunding bonds, issued for the University of Dubuque (UD). In addition, S&P Global Ratings affirmed its 'BBB' long-term rating on Iowa Higher Education Loan Authority's series 2011 private college facility revenue refunding bonds, issued on behalf of UD and its 'SP-1' short-term rating on the university's series 2021 revenue anticipation notes (RANs). The outlook, where applicable, is stable. "The rating reflects our view of UD's adequate enterprise profile, which has been characterized by enrollment growth offset by pressure in its total full-time equivalent enrollment in recent years," said S&P Global Ratings credit

...July 1, 2021 CENTENNIAL (S&P Global Ratings) July 1, 2021--S&P Global Ratings assigned its '###' long-term rating to the Iowa Higher Education Loan Authority's approximately $12.845 million series 2021 revenue and refunding bonds, issued for the University of Dubuque (UD). In addition, S&P Global Ratings affirmed its '###' long-term rating on Iowa Higher Education Loan Authority's series 2011 private college facility revenue refunding bonds, issued on behalf of UD and its 'SP-1' short-term rating on the university's series 2021 revenue anticipation notes (RANs). The outlook, where applicable, is stable. "The rating reflects our view of UD's adequate enterprise profile, which has been characterized by enrollment growth offset by pressure in its total full-time equivalent enrollment in recent years," said S&P Global Ratings credit analyst Amber Schafer. "The rating further reflects our view of the university's history of deficit operating performance on a generally accepted accounting principles...

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