District of Columbia Cesar Chavez Public Charter School; Charter Schools Mar 12
Standard & Poors, March 2012
Abstract
Standard & Poor's Ratings Services has affirmed its 'BBB-' long-term rating, with a stable outlook, on the District of Columbia's series 2011 tax-exempt fixed-rate revenue bonds, issued for Cesar Chavez Public Charter School. We first rated these bonds in 2010. We based the rating on our assessment of: The school's good relationship with its authorizer, District of Columbia Public Charter School Board (DCPCSB); Test scores that are comparable with those of other charter schools after implementing recent initiatives to improve test scores; and Limited capital needs with no immediate plans to finance additional buildings. These credit strengths are constrained by the school's: Recent enrollment declines, and Risk of nonrenewal of the charter, which must be renewed multiple times before final...
Companies mentioned in this report are:
- Cesar Chavez Pub Charter Sch
- District of Columbia
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
- Cesar Chavez Pub Charter Sch
- District of Columbia
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