...March 25, 2024 ENGLEWOOD (S&P Global Ratings) March 25, 2024--S&P Global Ratings assigned its rating of '###' to the California School Finance Authority's series 2024 charter school revenue bonds issued for Granada Hills Charter Obligated Group (GHC). We also affirmed our '###' rating on the school's series 2019 and 2021 bonds. The outlook is stable. "The rating reflects our view of the school's solid demand, extensive, rigorous academic programming, stable management team, and long operating history and good relationship with the charter authorizer LAUSD," said S&P Global Ratings credit analyst Mikayla Mahan. GHC plans to issue $33.2 million in debt in 2024 to further renovate its Devonshire campus. This will bring the school's total outstanding debt to approximately $94.4 million, consisting of the series 2019, 2021, and 2024 bonds. Of the series 2021 bonds, $8.8 million were used for capital improvements at the Devonshire campus, while the remainder was used to refinance the school's...
