BRIDGE Housing Earns Credit Rating Upgrade from S&P

BRIDGE Housing announced that S&P Global Ratings has upgraded the company’s credit rating to AA from AA-, earning it the highest rating assigned to a nonprofit housing provider. S&P cited “extremely strong” management, financial performance, and debt profile in raising BRIDGE’s issuer credit rating and long-term rating on the company’s outstanding debt to AA, while maintaining a stable outlook.

The credit rating agency noted that BRIDGE remains a “market leader” and expressed confidence in its management team and its ability to execute its 2024-27 strategic plan, which targets adding 5,100 affordable housing units on the West Coast.

“This upgrade reflects BRIDGE’s strong fundamentals and financial discipline as we accelerate our work to create and preserve long-term affordable housing in high-cost West Coast markets,” said BRIDGE Housing president and CEO Ken Lombard. “We appreciate S&P’s confidence in our ability to advance our mission and the support this rating will provide as we continue to pursue market-based finance that doesn’t rely on public subsidies.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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