Gulen Harmony Schools Texas gets $$ Millions in bonds secured by American Taxpayers

Abstract:

Harmony Public Schools, TX 2014B, 2014Q Revenue Bonds Rated 'BBB'

Published Aug 27, 2014

DALLAS (Standard&Poor's) Aug. 27, 2014--Standard&Poor's Ratings Services assigned its 'AAA' enhanced program rating and 'BBB' school issuer credit rating (ICR) on Texas Public Finance Authority Charter School Finance Corp.'s combined $9.14 million series 2014B and series 2014Q education revenue bonds, issued for Harmony Public Schools (Harmony). We also affirmed our 'BBB' rating on the existing debt for which the long-term rating is based on the school, and 'AAA' enhanced program rating on the series 2014A bonds. The outlook for all these ratings is stable. "The 'AAA' enhanced program rating reflects our view of Harmony's participation in the Texas Permanent School Fund Bond Guarantee Program, which provides the security of a permanent fund of assets that Harmony

  Brief Excerpt:

RESEARCH Ratings Definitions PDF Harmony Public Schools, TX 2014B, 2014Q Revenue Bonds Rated '###' Publication date: 27-Aug-2014 Primary Credit Analyst: Luke J Gildner, Dallas (214) 765-5875; luke.gildner@standardandpoors.com Secondary...

- See more at: http://www.alacrastore.com/s-and-p-credit-research/Harmony-Public-Schools-TX-2014B-2014Q-Revenue-Bonds-Rated-BBB-1355533#sthash.Ef3J7i93.dpuf

Harmony Bond $9.1 million from 2014B in addition to $101M in 2014A Bonds secured by Texas
Taxpayers