Granada Hills Charter Obligated Group California School Finance Authority; Charter Schools - S&P Global Ratings’ Credit Research

Granada Hills Charter Obligated Group California School Finance Authority; Charter Schools

Granada Hills Charter Obligated Group California School Finance Authority; Charter Schools - S&P Global Ratings’ Credit Research
Granada Hills Charter Obligated Group California School Finance Authority; Charter Schools
Published Aug 30, 2022
9 pages (4262 words) — Published Aug 30, 2022
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings raised its rating to 'BBB' from 'BBB-' 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 upgrade reflects GHC's improved financial profile following a very healthy operating surplus in fiscal 2021, which translated to strong maximum annual debt service (MADS) coverage and solid growth in unrestricted reserves and liquidity. GHC had $61.8 million in long-term debt outstanding as of June 30, 2021, consisting of the series 2019 and series 2021 bonds. Approximately $8.8 million of the series 2021 bonds were used for capital improvements at the Devonshire campus, while the remaining portion were used to refinance the school's previously

  
Brief Excerpt:

...+ 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 upgrade reflects GHC's improved financial profile following a very healthy operating surplus in fiscal 2021, which translated to strong maximum annual debt service (MADS) coverage and solid growth in unrestricted reserves and liquidity....

  
Report Type:

Full Report

Issuer
Granada Hills Charter Obligated Group
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Granada Hills Charter Obligated Group California School Finance Authority; Charter Schools" Aug 30, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Granada-Hills-Charter-Obligated-Group-California-School-Finance-Authority-Charter-Schools-2886275>
  
APA:
S&P Global Ratings’ Credit Research. (). Granada Hills Charter Obligated Group California School Finance Authority; Charter Schools Aug 30, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Granada-Hills-Charter-Obligated-Group-California-School-Finance-Authority-Charter-Schools-2886275>
  
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