Spring 2017: Stories of Impact: AA S&P Rating | Avoiding Displacement | San Diego Impact
S&P Issues “AA” Rating to Capital Impact
Capital Impact has earned an “AA” issuer credit rating with a stable outlook from S&P Global. Their analysis recognized our strong asset quality and liquidity, minimal risk profile and consistent growth in loans and assets. This rating bolsters our ability to respond quickly to investment gaps nationwide.
New development can be extremely beneficial to struggling urban areas. Yet, it is important to address possible displacement risks that disproportionately impact low-income residents as communities grow. Our new report identifies several practices for responsible development that can mitigate resident displacement and relocation.
A study of our work in Southern California revealed that our financing has increased residents’ access to a variety of critical social services while also creating hundreds of jobs and supporting economic development. This report provides an overview of our $102 million in investments into 93 projects across San Diego County.
Our national conversation focused on providing high-quality health care for a low-income, aging population continued with a convening of experts from across California. This report details tangible outcomes of that meeting, including recommendations from Lifelong Medical Care and the SCAN Foundation.
The Capital Impact family recently lost a dear friend and colleague. He is remembered as an individual of integrity, sharp wit and dedication. Bradford wore his passion for Detroit on his sleeve and was an unceasing supporter, critic and advocate for the city and all its residents. Through his tireless efforts and clarity of voice he transformed our work there. Please join us in sending thoughts and prayers to Bradford’s wife, family and friends.
Ready for a new mission-driven career in 2017? We are hiring a new writer on our communications team as well as a Portfolio Loan Officer. All of our current openings can be seen on our careers page. We also encourage you to follow us on LinkedIn.