...S&P Global Ratings assigned its '##+' issuer credit rating (ICR) to the Palm Beach School for Autism Public Charter School (PBSFA). The outlook is stable. An ICR reflects an obligor's general creditworthiness, focusing on its capacity and willingness to meet financial commitments when they come due. It does not apply to any specific financial obligation, because it does not take into account the obligation's nature and provision, standing in bankruptcy or liquidation, statutory preferences, or legality and enforceability. PBSFA was founded in 1996 with the mission of providing innovative education and behavioral support to empower individuals with autism. PBSFA has created a new entity, Palm Beach School for Autism Properties, LLC, that will be the borrower and lessor, for the purpose of entering into a maximum $15 million loan from the Equitable Facilities Fund (EFF) to acquire the building PBSFA is currently leasing, as well as the neighboring building, currently occupied by a private...
