Collegium Charter School, PA Revenue Bond Rating Raised To 'BB+' On Improved Enrollment Levels And Financial Position - S&P Global Ratings’ Credit Research

Collegium Charter School, PA Revenue Bond Rating Raised To 'BB+' On Improved Enrollment Levels And Financial Position

Collegium Charter School, PA Revenue Bond Rating Raised To 'BB+' On Improved Enrollment Levels And Financial Position - S&P Global Ratings’ Credit Research
Collegium Charter School, PA Revenue Bond Rating Raised To 'BB+' On Improved Enrollment Levels And Financial Position
Published Mar 26, 2009
Published Mar 26, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (Standard&Poor's) March 26, 2009--Standard&Poor's Ratings Services has raised its underlying rating (SPUR) on Chester County Industrial Development Authority, Pa.'s revenue bonds, issued for the Collegium Charter School, to 'BB+' from 'B' given the school's improved enrollment levels, which, in Standard&Poor's opinion, have led to a significantly improved financial position. The outlook is stable. Other positive credit factors include debt service coverage of 1.9x actual debt service and maximum annual debt service in fiscal 2008; evidence of a successful marketing plan that has helped boost enrollment levels; successful completion of the new school facility and relocation to the new site, which seems to have had little, if any, impact on enrollment; and a recent

  
Report Type:

Ratings Action

Issuer
Chester County Industrial Development Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Collegium Charter School, PA Revenue Bond Rating Raised To 'BB+' On Improved Enrollment Levels And Financial Position" Mar 26, 2009. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Collegium-Charter-School-PA-Revenue-Bond-Rating-Raised-To-BB-On-Improved-Enrollment-Levels-And-Financial-Position-711695>
  
APA:
S&P Global Ratings’ Credit Research. (). Collegium Charter School, PA Revenue Bond Rating Raised To 'BB+' On Improved Enrollment Levels And Financial Position Mar 26, 2009. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Collegium-Charter-School-PA-Revenue-Bond-Rating-Raised-To-BB-On-Improved-Enrollment-Levels-And-Financial-Position-711695>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.