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Atlanta Independent School System, Georgia Education Reform Success Inc.; Appropriations Jun 11
Standard & Poors, June 2011
Abstract
Standard & Poor's Ratings Services has assigned its 'AA-' rating to Education Reform Success Inc., Ga.'s series 2011A qualified school construction bonds and 2011B certificates of participation (COPs), issued on behalf of Atlanta Independent School System. At the same time, Standard & Poor's assigned its 'AA' issuer credit rating (ICR) to Atlanta Independent School System. The 'AA-' rating reflects our view of: A lease structure that includes the system's covenant to budget and appropriate lease payments annually, and The system's general credit characteristics. Securing the bonds are lease payments and additional rental payments from the system to Education Reform Success Inc., a nonprofit corporation, for land and improvements related to the system's current project. Payment of lease payments and additional...
Companies mentioned in this report are: Atlanta Pub Schs,Atlanta Independent School District,Education Reform Success, Inc.
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 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: Full Analysis
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