NeighborWorks Capital Receives ‘A+/Stable’ Issuer Credit Rating from S&P Global

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S&P Global Ratings, the world’s leading provider of independent credit ratings, has assigned NeighborWorks Capital its first-ever issuer credit rating of ‘A+/Stable.’ The rating recognizes the organization’s key strengths in capital adequacy, profitability, liquidity, and financial management.

“We are thrilled to receive this strong investment grade rating from S&P Global as a recognition of NeighborWorks Capital’s demonstrated financial capability,” said Matt Glatting, Chief Financial Officer for NeighborWorks Capital. “This rating will enable us to build stronger and deeper relationships with investors and increase our impact,” he said.

S&P Global noted several compelling indicators that guided its strong rating of NeighborWorks Capital, including:

  • Financial strength with above-average net-equity-to-assets ratio
  • Profitability with an above-average net interest margin
  • Adequate liquidity
  • Strong management team and board members

S&P’s analysis report noted a stable outlook. “We view that NeighborWorks Capital will likely maintain above-average capital-adequacy ratios based on its lending and debt strategy, growth plans, and portfolio monitoring strengths,” said David Greenblatt, Primary Credit Analyst for S&P Global. The full analysis report can be viewed here.

NeighborWorks Capital is strengthening its work with investors across the capital markets with support from the Robert Wood Johnson Foundation, a long-standing impact investor in the community development finance system.

“The Robert Wood Johnson Foundation is investing and partnering with intermediaries with durable and expansive methods for ensuring capital flows into communities with low incomes,” said Zoila Jennings, Lead Impact Investment Officer for the Robert Wood Johnson Foundation. “Supporting NeighborWorks Capital in their strategies to build a scalable financial model will leverage our funding to achieve a greater impact,” she said.

NeighborWorks Capital is the 14th CDFI to receive a rating from S&P Global, with ratings currently ranging from A- to AA. In addition to the A+ rating from S&P Global, NeighborWorks Capital has been Aeris-rated since 2011 and currently has a three-star Impact Management rating, showing a strong alignment of impact mission, strategies, activities, and data that guide lending, programs, and planning. NeighborWorks Capital has an AA- Financial Strength and Performance Aeris Rating, demonstrating very strong financial performance and risk management practices.

About NeighborWorks Capital

NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution (CDFI) that serves the members of the NeighborWorks America® network. The network comprises nearly 250 strong, capable nonprofit housing and community development organizations in every state, District of Columbia, and Puerto Rico. These organizations provide communities with affordable housing, financial counseling, training, and resident engagement in the areas of housing, health, employment, and education. Since its inception, NeighborWorks Capital has deployed over $500 million in loan capital to support the work of the NeighborWorks network. For more information, visit:

About S&P Global

S&P Global (NYSE: SPGI) is the world’s foremost provider of credit ratings, benchmarks, and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical economic, market, and business factors. The organization has been providing essential intelligence that unlocks opportunity, fosters growth, and accelerates progress for more than 160 years. Its divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Platts. For more information, visit

About the Robert Wood Johnson Foundation

The Robert Wood Johnson Foundation is committed to improving health and health equity in the United States. In partnership with others, it is working to develop a Culture of Health rooted in equity that provides every individual with a fair and just opportunity to thrive, no matter who they are, where they live, or how much money they have. For more information, visit

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