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Atlanta Independent School System, GA's Series 2011A-B Certificates Rated 'AA-' On Strong Financial Performance Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 1, 2011--Standard & Poor's Ratings Services said today it has assigned its 'AA-' rating to Education Reform Success Inc., Ga.'s series 2011A qualified school construction and 2011B certificates of participation (COPs), issued on behalf of Atlanta Independent School System. 'The rating reflects our view of a lease structure that includes the system's covenant to budget and appropriate lease payments annually, as well as our assessment of the system's general credit characteristics,' said Standard & Poor's credit analyst Le T. Quach. The general credit characteristics include what Standard & Poor's views as a: Strong service area, with the City of Atlanta serving as the state's economic and political center; Strong historical financial performance with good...
Companies mentioned in this report are: Atlanta Pub Schs,Atlanta Independent School District,Education Reform Success, Inc.
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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.
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