Charters’ Enrollment Gain May Hurt Public School Credit Ratings

Bloomberg reports:

Rising charter school enrollments may hurt credit ratings at public education systems in poor U.S. cities, according to a Moody’s Investors Service report.

Cleveland, Detroit, Washington, St. Louis and Kansas City, Missouri, where more than one in five students are enrolled in charter schools, have already seen significant movement from public grade schools and high schools, according to a statement today from Moody’s. Nationwide, about one in 20 students are signed up at charter schools, the report said.