U.S. Charter Schools Hit Their Stride Apr 11

  • ID: 1718209
  • April 2011
  • Region: United States
  • Standard & Poors
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  • Advanced Tech Acad
  • Flint Intl Academy
  • Independence Charter Sch
  • MaST Comnty Charter Sch
  • Paradigm High Sch
  • Stargate Charter Sch
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U.S. charter school debt has grown steadily in the past several years, reflecting both an increase in the number of schools and the total amount of rated issues. With enrollment still on the rise, Standard & Poor's Ratings Services expects the amount of rated debt to expand, particularly as more schools mature and establish a performance record. Given the sector's growing prominence amid a national debate about educational choices and investor interest in a nascent market, a discussion of key trends and an analysis of the path schools take in obtaining a rating is timely. As of April 10, 2011, Standard & Poor's rated about $1.8 billion of unenhanced debt issued by 123 charter schools (see table 1). The figure...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Horizon Comnty Learning Ctr
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- Classical Acad Charter Sch
- Pinnacle Charter Sch
- Littleton Academy Charter Sch
- Collegiate Acad Charter Sch
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- Chicago Charter Sch Foundn
- Liberty Common Charter Sch
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- Cheyenne Mtn Charter Academy
- Friendship Pub Charter Sch, Inc.
- Noah Webster Basic Schools, Inc.
- Peak to Peak Charter Sch - Prairie View Inc.
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- Collegium Charter Sch
- Arizona Agribusiness & Equine Ctr Inc
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- Milwaukee Academy of Science
- Woodrow Wilson Acad Charter Sch
- Stargate Charter Sch
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- Chandler Pk Acad
- Old Redford Academy
- Summit Acad North
- Plymouth Educl Ctr Charter Sch
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- School Lane Charter Sch
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- Faith Family Charter School
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