Nov 15Mercy Loan Fund Maintains High Aeris Rating of AA+
Mercy Loan Fund has received its annual Aeris rating of AA+, maintaining its three-level increase in three years. Aeris provides the only comprehensive, third-party assessment of Community Development Financial Institution (CDFI) loan funds and helps community investors evaluate opportunities that meet their impact goals and risk parameters. The AA+ financial rating signifies that MLF has very strong financial strength, performance and risk management practices relative to its size, complexity, and risk profile; that challenges are well within MLF’s board of directors’ and management’s capabilities and willingness to strengthen; and that MLF is capable of withstanding fluctuations in its operating environment. With this rating, MLF is in the top 15 percent of rated CDFIs.
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