PCDC Receives Independent Rating from Aeris

Categories: Investment, PCDC News

The Primary Care Development Corporation (PCDC) has received from Aeris, the community development financial institution (CDFI) rating and information service, a Four-star impact performance rating with Policy Plus and AA financial strength and performance rating. Aeris provides comprehensive, third-party assessments of a community investment fund’s financial strength and performance and impact.

A wide range of investors — including banks, foundations, fund managers, and others — rely on the ratings to identify and evaluate mission investment opportunities in community based intermediaries that meet their impact goals and risk parameters. Aeris has issued more than 600 ratings opinions since 2004.

The rigorous Aeris rating process is a demonstration of a fund’s commitment to transparency and accountability, with regard to its financial performance and impact in the community. The rating encompasses two main components: (1) an impact performance rating, which measures the commitment of the fund’s management to achieving its stated impact; (2) a financial strength and performance rating, which assesses overall creditworthiness.

“The Primary Care Development Corporation’s strategic community investments enable health centers to grow and expand to meet the need for quality care and services in their communities,” said Anne Dyjak [pictured], Managing Director at PCDC. “The Aeris ratings further validate PCDC’s commitment to our mission of delivering  flexible, affordable financing that supports the critical work of primary care providers  and achieves impact in underserved communities.”

Definitions for PCDC’s Aeris Four-star impact performance rating with Policy Plus and AA financial strength and performance rating:

Four-star impact performance rating: “A CDFI in this group has clear alignment of mission, strategies, activities, and data that guides its programs and planning. The CDFI presents data that clearly indicate that it is using its resources effectively to benefit disadvantaged people and communities and achieve positive impacts related to its mission. It has processes and systems that track output and outcome data on an ongoing basis, and it can provide data showing positive changes in the communities or populations being served. This CDFI uses its data on an ongoing basis to adjust strategies and activities in line with its desired impact.”

Policy Plus: “Policy change is an integral part of this CDFI’s strategies. The CDFI leads initiatives to change government policy to benefit the community development finance industry or disadvantaged people and communities. The CDFI can provide evidence of its leadership role in recent policy changes that produced benefits beyond additional resources for the CDFI itself, and management can clearly articulate the CDFI’s leadership role in current policy activities.”

AA financial strength and performance rating: “A CDFI in this group has very strong financial strength, performance and risk management practices relative to its size, complexity, and risk profile. Challenges are well within the board of directors’ and management’s capabilities and willingness to strengthen. The CDFI is capable of withstanding fluctuations in its operating environment.”

More information is available at: http://www.aerisinsight.com/who/about-aeris-ratings/.

As an Aeris-rated institution, the Primary Care Development Corporation (PCDC) is also included in the Aeris Cloud, the only source of real-time financial and impact performance data on community investment funds. The Aeris Cloud was created to give investors access to Wall Street-quality data on community investment funds such as PCDC.

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About the Primary Care Development Corporation

The Primary Care Development Corporation is a nationally recognized nonprofit organization and a U.S. Treasury-certified community development financial institution (CDFI) that catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. Learn more about PCDC’s programs to expand and transform the primary care sector at pcdc.org.

About Aeris

Aeris guides capital to good. Since 2004, the nation’s leading community investors have used Aeris’ data and ratings to support their community investing. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) commitments , mission-driven charitable foundations, government, private wealth managers, and more. Its proprietary ratings help investors evaluate opportunities that meet their impact goals and risk parameters. Learn more at www.aerisinsight.com.