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KIPP, Inc. (Texas) Downgraded by Fitch: Will Test Score Derivatives Be Next?
Now KIPP CEOs aka "school leaders" aka "principals" have more to pore over on Monday mornings than reports of children talking at school or going to the bathroom illegally, or even reports that test scores were flat last week. Now they must worry about being too highly leveraged, narrow balance sheets, and escalating debt service.
With reports of being downgraded to BB+ by Fitch, how will Wall Street hedge fund investors respond? Will Gates shell out another $10 million? Or will the plutocrats who favor segregated chain gang schools for poor children put heat on Texas legislators to up the ante for "public" charter schools in Texas??? From Business Wire:
With reports of being downgraded to BB+ by Fitch, how will Wall Street hedge fund investors respond? Will Gates shell out another $10 million? Or will the plutocrats who favor segregated chain gang schools for poor children put heat on Texas legislators to up the ante for "public" charter schools in Texas??? From Business Wire:
Fitch Downgrades KIPP, Inc. (Texas) to 'BB+'; Outlook Stable
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded to 'BB+' from 'BBB' and removed from Rating Watch Negative the following revenue bonds issued by the La Vernia Higher Education Finance Corporation, TX: