Fitch Ratings placed Chester Community Charter School's $56.115 million revenue bonds, issued by the Delaware County Industrial Development Authority Pa. and rated BB, on rating watch negative.

Fitch on Friday cited the announcement two days earlier by the Chester Upland School District that it would review the Aug. 30 audit by state Auditor General Eugene DePasquale. The charter school draws most of its 3,200 students from the distressed district, about 15 miles southwest of Philadelphia.

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