NICC maintains its favorable rating from Moody's Investors Service

Moody's Investors Service has assigned an Aa2 rating to Northeast Iowa Community College's $12.6 million General Obligation School Bonds, Series 2020 and $2.8 million Taxable Industrial New Jobs Training Certificates, Series 2020-1.

At the same time, Moody's is maintaining the Aa2 rating on $38 million of the College's outstanding general obligation unlimited tax (GOULT) debt and $2.7 million of certificates of participation (COPs).

The Aa2 rating reflects the College's large, diverse tax base; stable financial operations with strong reserves; and moderate debt and pension burdens.