S&P upgrades BRIDGE Housing to AA from AA-
Connect CRE reports the action covers the nonprofit's issuer credit rating and outstanding long-term debt.
At a glance
Connect CRE describes AA as the highest rating assigned to a nonprofit housing provider.
S&P cited "extremely strong" management, financial performance and debt profile in raising the ratings, the report says.
S&P Global Ratings upgraded BRIDGE Housing's issuer credit rating and the long-term rating on its outstanding debt to AA from AA-, according to a Connect CRE report published Oct. 9.
Connect CRE describes AA as the highest rating assigned to a nonprofit housing provider.
S&P cited "extremely strong" management, financial performance and debt profile in raising the ratings, the report says.
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