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Illinois Finance Authority Chicago Charter School Foundation; Charter Schools Jan 07 Product Image

Illinois Finance Authority Chicago Charter School Foundation; Charter Schools Jan 07

  • Published: January 2007
  • Region: Illinois
  • Standard & Poors

Abstract
The 'BBB' rating on Illinois Finance Authority's series 2007 charter school revenue project and refunding bonds, issued on behalf of the Chicago Charter School Foundation, reflects the following: Gross revenue pledge of the foundation; A solid framework for charter schools in Illinois, given legal and financial parameters; The foundation already successfully completed a charter renewal process; the charter was renewed in late 2001 for the five-year period through June 30, 2007; The charter covers multiple school sites and has a large current enrollment of 5,859 for the 2006-2007 school year. Actual student growth rates have been consistent with earlier projections and have reached levels required to provide adequate debt service coverage; Enrollment growth and demand has been demonstrated, with annually...

Companies mentioned in this report are:
- Chicago Charter Sch Foundn
- Illinois Fin Auth

Action: New Rating

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 READ MORE >

- Chicago Charter Sch Foundn
- Illinois Fin Auth

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