Fitch Affirms Cambridge Academy East at ‘BB-‘; Outlook Revised to Negative

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the ‘BB-‘ rating on the $7.2 million outstanding charter school revenue bonds, series 2010, issued by the Industrial Development Authority of the County of Pima, Arizona on behalf of Cambridge Academy East (CAE). The Rating Outlook is revised to Negative from Stable. SECURITY The bonds are a general obligation of CAE, secured by a first mortgage on the financed facilities and a cash-funded debt service reserve sized to transaction maximum an