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Campus Community Charter School, DE's Series 2011 Bonds Rated 'BBB-'
Standard & Poors, April 2011
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services has assigned its 'BBB-' long-term rating, with a stable outlook, to Kent County, Del.'s $4 million series 2011 refunding revenue bonds (Charter School Inc. project) issued for Campus Community Charter School (CCCS). The rating and outlook reflect Standard & Poor's view of the general credit risks associated with all charter schools, including the possible loss of a charter from a charter authorizer. More specifically, the rating reflects Standard & Poor's view of CCCS's need for multiple charter renewals over the life of the bonds and the need to maintain student enrollment at levels sufficient to generate enough state per pupil revenue to support net revenue coverage of debt...
Companies mentioned in this report are: Campus Community School,Kent Cnty
Action: New Rating
Action: Outlook: Stable
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