The State of Colorado and CECFA administer one of the nation’s leading charter school credit enhancement programs. Charter schools that are able to obtain an investment grade credit rating from a national credit ratings agency can finance capital projects under the State of Colorado’s credit rating, which is currently rated AA+ by S&P. The higher the credit rating, the lower the borrowing costs and the more affordable a project becomes for our state’s best charter schools. The State of Colorado will also assume bond payments in the event of default. Since the inception of this program in 2003, CECFA has issued more than $727,000,000 in bonds, saving the charter schools in this program at least $100,000,000 in interest payments. For more information on the Moral Obligation Credit Enhancement Program, please click here.