Fitch Ratings assigns a 'BBB-' rating to the following series of charter school revenue bonds issued by the Colorado Educational and Cultural Facilities Authority (CECFA) on behalf of the Academy (the school).--$4.2 million CECFA charter school revenue bonds (The Academy Project), series 2010A; --$5.3 million CECFA charter school revenue bonds (The Academy Project), series 2010B; --$6.1 million CECFA charter school revenue bonds (Academy of Charter Schools Project), series 2008; --$19.8 million CECFA charter school revenue bonds (Academy of Charter Schools Project), series 2004.The series 2010A and 2010B bonds are expected to sell via negotiation on or about
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