CUSIP 041806PJ3

  • ISIN: US041806PJ36
  • Entity Name: Arlington Higher Education Finance Corporation
  • Sector: Municipal Agency
  • Announcement Date: 18-Oct-2018
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: 15-Aug-2024
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • 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: Municipal Name: Arlington Higher Education Finance Corporation CUSIP: 041806PJ3 Currency: USD Arlington Higher Education Finance Corporation announced today that the Standard & Poor s Ratings has downgraded the underlying ratings of the Series 2017A, Education Revenue Refunding Bonds from BBB- to BB.
  • Bond Document:
  • Latest Corporate Actions:

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