NeighborWorks Capital is pleased to announce that our annual rating from Aeris has been upgraded. Aeris, which assesses Community Development Financial Institutions (CDFIs) and private impact loan funds, has awarded us an upgraded AA rating for Financial Strength and Performance, highlighting our organization’s robust financial health, strong performance, and effective risk management practices.
Aeris ratings are a key tool for investors, helping them assess CDFIs based on their impact management, financial strength, and overall performance. NeighborWorks Capital’s AA rating indicates that we are in a strong position to continue delivering on our mission of supporting community development and economic growth.
In addition to the AA rating for financial strength, NeighborWorks Capital has also earned a three-star Impact Management rating. This rating reflects the alignment of our mission, strategies, activities, and data with the positive impact we strive to create through lending, programs, and planning.
Our rating is a testament to the dedication and hard work of our team. It demonstrates our ability to maintain strong financial performance while staying focused on creating lasting positive impact in the communities we serve.
NeighborWorks Capital has been rated by Aeris since 2011, and this year’s upgrade reaffirms our continued commitment to excellence in both financial performance and impact.
In the period since 2011, while its total assets grew from $35 million in 2011 to $133 million in 2023, NeighborWorks Capital has consistently received financial strength ratings from Aeris ranging between AA- and AA. The current Aeris AA rating defines NeighborWorks Capital as having “very strong financial strength, performance, and risk management practices relative to its size, complexity, and risk profile. Challenges are well within the board of directors’ and management’s capabilities and willingness to strengthen. The CDFI is capable of withstanding fluctuations in its operating environment.” For current rating distributions, definitions and an explanation of Aeris’ methodology, visit https://www.aerisinsight.com/current-ratings-distribution/
About NeighborWorks Capital
NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution (CDFI) serving NeighborWorks America organizations, nearly 250 strong, capable non-profit 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 housing, health, employment, and education. Since its inception, NeighborWorks Capital has deployed over $500 million in loan capital to support the NeighborWorks network. S&P Global Ratings, the world’s leading provider of independent credit ratings, assigned NeighborWorks Capital an issuer credit rating of “A+/Positive,” sighting key strengths in capital adequacy, profitability, liquidity, and financial management. NeighborWorks Capital is a member of the Federal Home Loan Bank of Atlanta, a cooperative of eligible commercial banks, credit unions, savings institutions, community development financial institutions (CDFIs), and insurance companies that offer competitively priced financing, as well as affordable housing and community development grants. For more information, visit: https://neighborworkscapital.org/
About Aeris
Aeris has specialized in analyzing and rating the financial strength and impact management capacity of CDFI loan funds since 2004, providing essential tools and solutions to corporate, government, and philanthropic CDFI investors and other stakeholders. Investments by these institutions, when deployed by CDFIs, promote economic growth and well-being in under-resourced communities. More than 240 institutions have subscribed to Aeris services and insights to target, underwrite, monitor their CDFI investments and analyze their CDFI loan fund portfolios. Since 2004, Aeris has analyzed and rated more than 130 CDFI loan funds of all sizes and business focus, with total assets ranging from less than $10 million to more than $ 1 billion. For more information visit www.aerisinsight.com.
