S&P Upgrades BRIDGE Housing Credit Rating to AA, Highest Rating Among Nonprofit Affordable Housing Developers

SAN FRANCISCO–(BUSINESS WIRE)–BRIDGE Housing announced today that S&P Global Ratings has upgraded the company’s credit rating to AA from AA-, earning it the highest rating assigned to a nonprofit housing provider.S&P cited “extremely strong” management, financial performance, and debt profile in raising BRIDGE’s issuer credit rating and long-term rating on the company’s outstanding debt to AA, while maintaining a stable outlook. The credit rating agency noted that BRIDGE remains a “mar

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