Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations - S&P Global Ratings’ Credit Research

Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations

Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations - S&P Global Ratings’ Credit Research
Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations
Published Mar 14, 2014
985 words — Published Mar 14, 2014
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Abstract:

CHICAGO (Standard&Poor's) March 14, 2014--Standard&Poor's Rating Services revised its outlook to stable from negative and affirmed its 'BB+' rating on Michigan Finance Authority's series 2011 public school academy limited obligation revenue and refunding bonds, issued on behalf of Detroit Service Learning Academy (DSLA). "The outlook revision reflects our view of DSLA's return to positive operations, stable enrollment, and improved liquidity position with 66 days' cash on hand," said Standard&Poor's credit analyst Ashley Ramchandani. "The rating is currently constrained by the academy's limited demand profile and plans to develop a high school given the academy's competitive environment. It is our opinion that these plans pose a potential credit risk, but we understand that the timeline

  
Brief Excerpt:

RESEARCH Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations Publication date: 14-Mar-2014 Primary Credit Analyst: Ashley Ramchandani, Chicago (1) 312-233-7071; ashley.ramchandani@standardandp...

  
Report Type:

Ratings Action

Issuer
Detroit Service Learning Academy
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations" Mar 14, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Detroit-Service-Learning-Academy-Rating-Outlook-Revised-To-Stable-From-Negative-On-Return-To-Positive-Operations-1276775>
  
APA:
S&P Global Ratings’ Credit Research. (). Detroit Service Learning Academy Rating Outlook Revised To Stable From Negative On Return To Positive Operations Mar 14, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Detroit-Service-Learning-Academy-Rating-Outlook-Revised-To-Stable-From-Negative-On-Return-To-Positive-Operations-1276775>
  
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