Colorado Educational & Cultural Facilities Authority Liberty Common Charter School; Charter Schools Dec 11
Standard & Poors, December 2011
Abstract
Standard & Poor's Ratings Services affirmed its 'BBB-' issuer credit rating (ICR) on Colorado Educational and Cultural Facilities Authority's series 2003 charter school revenue bonds, supported by Liberty Common School Building Corp. and issued for Liberty Common Charter School. In addition, Standard & Poor's affirmed its 'A' enhanced rating and underlying rating (SPUR) on the bonds. The outlook is stable. The 'A' ratings reflect Liberty Common Charter School's inclusion in the Colorado Charter School Moral Obligation Program. A debt service reserve fund, funded by each participating charter school, and a separate charter school debt service reserve fund, funded by state appropriations, have been established under the program. Should these funds be drawn on and not immediately replenished, current state law...
Companies mentioned in this report are: Liberty Common Charter Sch,Colorado Educl & Cultural Facs Auth
Action: Affirmed
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
Liberty Common Charter Sch,Colorado Educl & Cultural Facs Auth
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
