Standard & Poor's Ratings Services assigned its 'BB+' long-term rating to the Utah State Charter School Finance Authority's series 2012 charter school revenue bonds, issued on behalf of Vista at Entrada Charter School. The outlook is stable. The rating reflects our view of the inherent risks of charter schools and the newness of the organization, which is currently in its third year of operations. Although the school has stable enrollment, significant demand for its programs, and good operations to date, it has also experienced substantial turn over in its management team and its very brief history makes it difficult to determine trends or to project stabilized levels at this time. The long-term rating reflects our view of: The inherent risks...
Companies mentioned in this report are: Vista at Entrada Charter School,Utah St Charter Sch Fin Auth
Action: New Rating
Action: Outlook: Stable
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