DALLAS (Standard&Poor's) July 16, 2014--Standard&Poor's Ratings Services assigned its 'BBB-' long-term rating on Arlington Higher Education Finance Corp., Texas' $13.25 million series 2014A and 2014B fixed rate education revenue refunding bonds. In addition, Standard&Poor's assigned its 'BBB-' rating on A.W. Brown Fellowship Charter School (A.W. Brown), Texas' $8.77 million series 2014 variable rate education revenue refunding bonds. At the same time, Standard&Poor's affirmed its 'BBB-' rating on A.W. Brown's 2012A and 2012B education revenue bonds. The outlook is stable. "The ratings reflect our view of A.W. Brown's strong enrollment growth trends, historically positive operating performance, and deep unrestricted liquidity position," said Standard&Poor's credit analyst Luke Gildner. Constraining the rating is
