...August 30, 2022 SAN FRANCISCO (S&P Global Ratings) Aug. 30, 2022--S&P Global Ratings raised its rating to '###' from '###-' on the California School Finance Authority's series 2019, and 2021 charter school revenue bonds issued for Granada Hills Charter Obligated Group (GHC). The outlook is stable. "The raised rating reflects GHC's improved financial profile following its very healthy operating surplus in fiscal 2021," said S&P Global Ratings credit analyst Robert Tu. "The operating surplus translated to strong maximum annual debt service coverage and solid growth in unrestricted reserves and liquidity," Mr. Tu added. The stable outlook reflects our expectation that during the two-year outlook period, GHC will maintain solid academic performance and meet enrollment projections supporting its healthy demand profile. While we expect some moderation in operating performance in fiscal 2022, we expect stronger operating results in fiscal 2023 driven by growing enrollment and stronger per pupil...
