DMACC Has The Best Bond Rating Among Iowa Community Colleges
Posted 07/19/07

Moody’s Investors Service has assigned an Aa2 rating to Des Moines Area Community College’s (DMACC’s) bond indebtedness. That is the highest bond rating among Iowa’s community colleges, according to Moody’s Investors Service Analyst Sharone Levy.

Moody’s currently maintains ratings on 14 of the 15 Iowa community colleges.

Levy said the Aa2 rating assigned to DMACC is based several factors, including the College’s diverse and substantial tax base.

“When we assign a credit rating, we look at the local economy, the tax base, financial operations, debt profile and management of the college,“ said Levy.

DMACC Controller Joe Robbins said the high rating given to DMACC by Moody’s means the College ultimately can receive more favorable interest rates when borrowing money.

DMACC is committed to educating, training and encouraging success for students of all ages. DMACC is Iowa’s largest community college, annually serving more than 28,000 students enrolled in credit classes and more than 34,000 students in non-credit programs on six campuses and many other locations across Central Iowa.

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