- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Texas Public Finance Authority Charter School Finance Corporation Odyssey Academy Inc.; Charter Schools Sep 11
- Published: September 2011
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'BBB-' rating on Texas Public Finance Authority Charter School Finance Corporation's series 2010A and 2010B education revenue bonds and series 2010Q taxable education revenue bonds (qualified school construction bonds (QSCBs; direct pay), all issued for Odyssey Academy Inc. The outlook is stable. The rating reflects our view of: Odyssey Academy's projected decline in maximum annual debt service (MADS) coverage to 1.1x for unaudited fiscal 2011 from 1.9x for audited fiscal 2010, partially mitigated by a fully funded debt service reserve equal to 1x MADS and a 1.1x MADS additional bonds test; Odyssey Academy's increased debt level resulting from the construction of a new primary instruction facility, resulting in a high carrying charge of...
Companies mentioned in this report are: Odyssey Academy, Inc.,Texas Pub Fin Auth Charter Sch Fin Corp
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Odyssey Academy, Inc.,Texas Pub Fin Auth Charter Sch Fin Corp