Summary: Michigan Public Educational Facilities Authority, Chandler Park Academy; Charter Schools Dec 11
- Language: English
- Published: December 2011
- Region: Michigan
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services raised its rating and underlying rating (SPUR) on Chandler, Ariz.'s GO bonds to 'AAA' from 'AA+', reflecting strong conservative management with policies and practices in place that have driven economic growth, built strong fiscal reserves, and ensured financial stability for the city into the future. In addition, Standard & Poor's assigned its 'AAA' rating to the city's GO bonds, series 2006. The 'AAA' rating also reflects the city's: Continued strong financial management and planning, Strong growth within the employment and property tax bases, Participation within the diverse Phoenix MSA economy, Above-average income levels, Strong financial operations, and Below-average debt burden. The city's unlimited ad valorem tax pledge secures the bonds. The roughly 62-square-mile Chandler, in...
Companies mentioned in this report are: Chandler
Action: New Rating
Action: Outlook: Stable
SHOW LESS READ MORE >