Santa Rosa Academy Inc., CA Bond Rating Outlook Revised To Positive On Higher Days' Cash On Hand And Positive Operations - S&P Global Ratings’ Credit Research

Santa Rosa Academy Inc., CA Bond Rating Outlook Revised To Positive On Higher Days' Cash On Hand And Positive Operations

Santa Rosa Academy Inc., CA Bond Rating Outlook Revised To Positive On Higher Days' Cash On Hand And Positive Operations - S&P Global Ratings’ Credit Research
Santa Rosa Academy Inc., CA Bond Rating Outlook Revised To Positive On Higher Days' Cash On Hand And Positive Operations
Published May 20, 2019
2 pages (1137 words) — Published May 20, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) May 20, 2019--S&P Global Ratings revised its outlook to positive from stable and affirmed its 'BB+' long-term rating on the California Municipal Finance Authority's series 2012 and series 2015 charter school revenue bonds, issued for Santa Rosa Academy Inc. (SRA or the academy). "The outlook revision is based on our view of the academy's growing unrestricted days' cash on hand, and consistently positive operations, which combined with the academy's already steady market position supports the potential for an upgrade," said S&P Global Ratings credit analyst Shivani Singh. "In our view, the academy's strengthening liquidity, cash flow, and coverage provides an offset for its above-average debt burden; should overall trends continue, we could consider raising the

  
Report Type:

Ratings Action

Issuer
Santa Rosa Academy Inc.
Sector
Global Issuers, 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. "Santa Rosa Academy Inc., CA Bond Rating Outlook Revised To Positive On Higher Days' Cash On Hand And Positive Operations" May 20, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Santa-Rosa-Academy-Inc-CA-Bond-Rating-Outlook-Revised-To-Positive-On-Higher-Days-Cash-On-Hand-And-Positive-Operations-2235633>
  
APA:
S&P Global Ratings’ Credit Research. (). Santa Rosa Academy Inc., CA Bond Rating Outlook Revised To Positive On Higher Days' Cash On Hand And Positive Operations May 20, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Santa-Rosa-Academy-Inc-CA-Bond-Rating-Outlook-Revised-To-Positive-On-Higher-Days-Cash-On-Hand-And-Positive-Operations-2235633>
  
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