Standard & Poor’s upgraded the University of Northern Iowa’s academic building revenue bonds one notch to A-plus in recognition of its strong state support. The school’s dormitory revenue bonds were affirmed at BBB-plus.

“In accordance with our enhanced criteria for rating government-related entities, the upgrade reflects our opinion that there is a 'moderately high’ likelihood that the state of Iowa would provide extraordinary support to the university in case of financial distress,” analyst Bianca Gaytan-Burrell wrote.

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