Academir Charter Schools, INC: New Issuer - Moody's Global Credit Research

Academir Charter Schools, INC: New Issuer

Academir Charter Schools, INC: New Issuer - Moody's Global Credit Research
Academir Charter Schools, INC: New Issuer
Published May 23, 2022
8 pages (4894 words) — Published May 23, 2022
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Brief Excerpt:

...The credit profile of AcadeMir Charter Schools, Inc. D/B/A as AcadeMir Preparatory Academy and AcadeMir Charter School Middle (Ba2) incorporates the schools' nearly-at-capacity enrollment, solid demand and adequate competitive profile. Likewise, both pro forma debt service coverage and liquidity are in line with similarly-rated charter school peers. Post issuance leverage will increase significantly as the schools convert existing capital leases to ownership of facilities, though fixed costs will remain manageable. Key credit challenges include the schools' transition to a long term fixed cost debt structure, which could potentially impact operating flexibility. In addition, the borrower and parent, AcadeMir Charter School Inc., has adopted a relatively aggressive expansion strategy that has a higher risk profile than many of its academic and financial peers. Currently, the obligated schools are two of six charter schools in operation under the AcadeMir Charter School, Inc. umbrella. A...

  
Report Type:

Credit Opinion

Issuer
Academir Charter Schools, Inc., FL
Format:
PDF Adobe Acrobat
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Moody's assigns Ba2 to AcadeMir Charter Schools, Inc., FL's Series 2022A and 2022B bonds; outlook stable - Rating Action – 2022/05/18 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Academir Charter Schools, INC: New Issuer" May 23, 2022. Alacra Store. May 05, 2024. <http://www.alacrastore.com/moodys-credit-research/Academir-Charter-Schools-INC-New-Issuer-PBC_1329334>
  
APA:
Moody's Global Credit Research. (). Academir Charter Schools, INC: New Issuer May 23, 2022. New York, NY: Alacra Store. Retrieved May 05, 2024 from <http://www.alacrastore.com/moodys-credit-research/Academir-Charter-Schools-INC-New-Issuer-PBC_1329334>
  
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