A.W. Brown Leadership Academy, TX Revenue Bond Rating Placed On CreditWatch Developing - S&P Global Ratings’ Credit Research

A.W. Brown Leadership Academy, TX Revenue Bond Rating Placed On CreditWatch Developing

A.W. Brown Leadership Academy, TX Revenue Bond Rating Placed On CreditWatch Developing - S&P Global Ratings’ Credit Research
A.W. Brown Leadership Academy, TX Revenue Bond Rating Placed On CreditWatch Developing
Published Apr 23, 2024
2 pages (1034 words) — Published Apr 23, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

HOUSTON (S&P Global Ratings) April 23, 2024--S&P Global Ratings placed its 'B+' underlying rating on Arlington Higher Education Finance Corp., Texas' series 2016 and 2017 education revenue bonds, issued for A.W. Brown Leadership Academy (A.W. Brown), on CreditWatch with developing implications. "The CreditWatch placement placement follows A.W. Brown's announcement that the school will surrender its charter to the state authorizer (the Texas Educational Agency) and stop operating under its current organizational structure by June 2024 and the school's entered agreement with IDEA Public Schools to purchase A.W Brown's facilities, including addressing the school's bond debt outstanding and long-term leases" said S&P Global Ratings credit analyst David Holmes.

  
Brief Excerpt:

...April 23, 2024 HOUSTON (S&P Global Ratings) April 23, 2024--S&P Global Ratings placed its 'B+' underlying rating on Arlington Higher Education Finance Corp., Texas' series 2016 and 2017 education revenue bonds, issued for A.W. Brown Leadership Academy (A.W. Brown), on CreditWatch with developing implications. "The CreditWatch placement placement follows A.W. Brown's announcement that the school will surrender its charter to the state authorizer (the Texas Educational Agency) and stop operating under its current organizational structure by June 2024 and the school's entered agreement with IDEA Public Schools to purchase A.W Brown's facilities, including addressing the school's bond debt outstanding and long-term leases" said S&P Global Ratings credit analyst David Holmes....

  
Report Type:

Ratings Action

Issuer
AW Brown Fellowship Charter School
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "A.W. Brown Leadership Academy, TX Revenue Bond Rating Placed On CreditWatch Developing" Apr 23, 2024. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/A-W-Brown-Leadership-Academy-TX-Revenue-Bond-Rating-Placed-On-CreditWatch-Developing-3157322>
  
APA:
S&P Global Ratings’ Credit Research. (). A.W. Brown Leadership Academy, TX Revenue Bond Rating Placed On CreditWatch Developing Apr 23, 2024. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/A-W-Brown-Leadership-Academy-TX-Revenue-Bond-Rating-Placed-On-CreditWatch-Developing-3157322>
  
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