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Texas Public Finance Authority Charter School Finance Corp. KIPP, Inc.; Charter Schools Aug 09 Product Image

Texas Public Finance Authority Charter School Finance Corp. KIPP, Inc.; Charter Schools Aug 09

  • Published: August 2009
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has affirmed the 'BBB-' rating on Texas Public Finance Authority Charter School Finance Corp.'s education revenue bonds, issued for KIPP, Inc. The outlook is positive, reflecting the potential for the rating to be raised should enrollment growth and financial performance continue to be strong, provided additional debt plans do not put significant stress on the organization's financial position. The rating reflects our view of the inherent weaknesses related to charter schools, including: The risk of charter revocation or nonrenewal, and The need for continued demand for school services. In our opinion, sufficiently offsetting these weaknesses are KIPP's: Historically high demand levels, Good financial and operating performance, and Positive academic results. The large, multiyear, multifacility expansion...

Companies mentioned in this report are: Kipp, Inc.,Texas Pub Fin Auth Charter Sch Fin Corp
Action: Affirmed

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Kipp, Inc.,Texas Pub Fin Auth Charter Sch Fin Corp

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