Colorado Public Radio; Non-Profit Organizations - S&P Global Ratings’ Credit Research

Colorado Public Radio; Non-Profit Organizations

Colorado Public Radio; Non-Profit Organizations - S&P Global Ratings’ Credit Research
Colorado Public Radio; Non-Profit Organizations
Published Nov 21, 2008
Published Nov 21, 2008
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Abstract:

Standard&Poor's Ratings Services lowered its rating to 'BBB-' from 'BBB' on Colorado Educational and Cultural Facilities Authority's series 2002 revenue bonds, issued for Public Broadcasting of Colorado, which does business as Colorado Public Radio (CPR). The outlook is stable. The rating revision reflects the significant increase in debt, although subordinated debt, of $8.2 million; and limited and decreasing financial resources, with cash and investments ($2 million) equal to just 24% of operating expenses and 16% debt (including a non-rated subordinated obligation). The rating is supported by: A strong business position and limited competition from other non-commercial stations in Colorado; A professional and stable management team that has a history of strong operating performance; and Strong security provisions, including

  
Report Type:

Full Report

Sector
Global Issuers, Public Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Colorado Public Radio; Non-Profit Organizations" Nov 21, 2008. Alacra Store. Dec 09, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Colorado-Public-Radio-Non-Profit-Organizations-685042>
  
APA:
S&P Global Ratings’ Credit Research. (). Colorado Public Radio; Non-Profit Organizations Nov 21, 2008. New York, NY: Alacra Store. Retrieved Dec 09, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Colorado-Public-Radio-Non-Profit-Organizations-685042>
  
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