SAN FRANCISCO, CA, June 12, 2020—-Nonprofit BRIDGE Housing's “A+” issuer credit rating has been reaffirmed by Standard & Poor’s Ratings Services, a leading provider of independent credit risk research and benchmarks.
BRIDGE is a top developer, owner and manager of affordable housing on the U.S. West Coast. BRIDGE first earned the rating in 2015 as part of its five-year strategic initiative to double its production of affordable and mixed-income housing.
The following views are among those cited in Standard & Poor’s rating of BRIDGE:
- Extremely strong management and a strategic plan that supports its mission to provide quality low-income housing in the least affordable markets
- Very strong enterprise risk profile, which is supported by very strong economic fundamentals, extremely strong asset quality, and robust development plans that continue to strengthen asset quality
- Strong financial risk profile due to strong financial performance, strong liquidity ratios, and very strong financial policies
- Ability to generate revenue streams from in-house development and operating activities
The report may be downloaded from https://bridgehousing.com/bhc_sp_rating_2020/ and www.standardandpoors.com (registered users only). For more information about BRIDGE Housing, visit www.bridgehousing.com.