Moody’s Investors Service recently assigned a favorable rating to Iowa State University’s $30 million issue of dormitory revenue bonds for its new residence hall project. Iowa State’s highest Aa2 rating on the bonds “reflects the essential nature of the dormitories to support ISU’s growing enrollment, strong dormitory system revenue growth and high occupancy rates,” Moody’s said in a release. The bonds, which were issued April 23 through the Iowa Board of Regents, have a fixed rate and a final maturity in 2035. The eight-story building, scheduled to open in spring 2017, will be constructed east of Buchanan Hall and provide a Cyclone home for 784 students. The budget for the project is $49.5 million.