Continued S&P A- Global Rating

S&P Global Ratings has renewed the Development Finance Authority’s A- rating with a stable outlook!  This is quite an accomplishment as they noted “all of S&P Global Ratings’ sector outlooks in U.S. public finance are now negative.”  A few of the reasons stated for the rating and outlook are that they have a strong enterprise risk profile and loans in several metropolitan areas.  S&P views their Bond Fund’s financial risk profile as strong based on a combination of the loss coverage score (LCS), historical operating performance, and management policies. We are grateful to all our partners, advisors and the community’s dedication and support!