CUSIP 041806PK0
- ISIN: US041806PK09
- Entity Name: Arlington Higher Education Finance Corporation
- Sector: Municipal Agency
- Announcement Date: 23-Oct-2018
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 15-Aug-2025
- 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: 041806PK0 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: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US041806PK09
