Standard&Poor's Ratings Services assigned its 'BBB' rating, and stable outlook, to Colorado Educational and Cultural Facilities Authority's series 2004 $23.955 million charter school revenue refunding and improvement bonds, supported by Peak-to-Peak Charter School. The rating reflects: A short, but positive, track record of operations; The charter school's demonstrated student enrollment growth and strong demand due to a nationally recognized curriculum, coupled with high test scores on the Colorado Student Assessment Program compared with the state and local school district; A good relationship between the school and Boulder Valley School District No. RE-2, the sponsor district; The lack of any additional planned debt issuance; and The state's strong and positive environment for charter schools, which is demonstrated by a
