CUSIP 041806PJ3


  • ISIN: US041806PJ36
  • Entity Name: Arlington Higher Education Finance Corporation
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Rating Downgrade
  • News: S&P Global Ratings lowered its underlying rating to `BB` from `BBB-` on Arlington Higher Education Finance Corp., Texas` series 2016 and series 2017 education revenue bonds, issued for A.W. Brown Fellowship Leadership Academy (A.W. Brown). The outlook is stable. ""The lowered underlying rating reflects a material weakening in A.W. Brown`s credit fundamentals, in our view, based on fiscal 2017 performance and expected fiscal 2018 results, with operating deficits, below 1x annual debt service coverage, a history of covenant violations, and declining enrollment for fall 2018, combined with weakened student retention and overall demand,"" said S&P Global Ratings credit analyst Ying Huang.
  • Description: *****
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US041806PJ36

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