Sector View: Stable
- S&P Global Ratings’ view of the U.S. charter school sector remains stable, supported by steady to growing per-pupil funding and generally healthy demand, for now. Many schools continue to hold their market position or expand, while maintaining healthy liquidity and operating margins.
- Competition for kindergarten-grade-12 (K-12) minor populations has intensified in some areas of the country, primarily due to weakening K-12 demographics and expanding school choice voucher programs.
- Schools are focused on managing continued expense pressures and persistent teacher shortages amid slower economic growth, but budget pressures are most pronounced at the lower end of the ratings scale.
10-Dec-2025 | 14:50 EST