CHICAGO — Iowa will add $25 million of taxable bonds to its planned sale of $155 million of tax-exempt special obligation bonds for its IJOBS program in order to bolster its debt-service reserve on Build America Bonds issued last year for the program and fend off a possible downgrade.

Standard & Poor’s last week put the AA rating assigned to the Series B taxable BABs from the issue last year on negative CreditWatch after it learned the state had not funded the reserve to a level that covered maximum annual debt service.

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