CHICAGO (Standard & Poor's) Nov. 4, 2010--Standard & Poor's Ratings Services assigned its 'BBB-' rating, with a stable outlook, to the District of Columbia' s series 2010 tax-exempt fixed-rate revenue bonds, issued for Cesar Chavez Public Charter School. "The rating is based on our assessment of the school's positive relationship with its authorizer, District of Columbia Public Charter School Board (DCPCSB); and test scores that are comparable with those of other charter schools after implementing recent initiatives to improve test scores," said Standard & Poor's credit analyst Corey Friedman. These strengths are constrained by our view of the school's risk of nonrenewal of the charter, which must be renewed multiple times before final bond maturity; and need for aggressive marketing...
Companies mentioned in this report are:
- Cesar Chavez Pub Charter Sch
- District of Columbia
Action: New Rating
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