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NICC's financial rating is upgraded

Posted: Tue, Jun 18, 2013 5:14 PM

Moody's Investors Service has given Northeast Iowa Community College an "Aa2" investment rating, citing several strong and healthy financial factors.

Moody's cited a large and stable service area that encompasses the City of Dubuque and portions of 13 counties, healthy financial operations with annual General Fund surpluses posted, tuition and/or fee rates in recent years that reflect the College's financial flexibility and additional oversight of financial operations by an audit committee, a group comprised of NICC trustee members.