S&P Affirms A+ Credit Rating for National CORE
RANCHO CUCAMONGA, Calif., April 4, 2023 /PRNewswire/ -- For the second consecutive year, National Community Renaissance of California (National CORE), an award-winning affordable housing developer of cost-contained high-performance apartment homes, receives an A+ credit rating from Standard and Poor's (S&P) Global Ratings, one of the foremost U.S. providers of credit ratings. In 2021, National CORE was one of only two affordable housing developers to earn such a rating.
- In 2021, National CORE was one of only two affordable housing developers to earn such a rating.
- "To have S&P affirm the financial strength and the long-term stability has been a game changer for National CORE," said Chief Financial Officer Michael Finn.
- Since receiving its initial credit rating, National CORE has closed on the issuance of $100 million in Taxable Bonds, Series 2022 (Social Bonds).
- The S&P credit rating recognizes the strengths of National CORE, including its organizational leadership capabilities and market position.