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August 15, 2018

CEI gets 4-star Aeris rating for its fund management, community impact

Courtesy / Coastal Enterprises Inc.
Courtesy / Coastal Enterprises Inc.
Coastal Enterprises Inc.in Brunswick reported it received a four-star impact management rating with Aeris, which provides comprehensive assessments of a community investment fund’s financial strength, performance and impact management. It also received Aeris’ “Policy Plus” AA- financial strength and performance ratings.

Here’s what Aeris ratings mean

Four-star: Clear alignment of mission, strategies, activities, and data that guide programs and planning, and effective use of resources to benefit people and communities with low incomes and achieve positive impacts related to its mission.

Policy plus: Leadership role in initiatives to change government policy to benefit the community development finance industry or disadvantaged people and communities.

AA-: Very strong financial strength, performance and risk management practices relative to its size, complexity and risk profile.

Aeris, the independent rating and information service for community investment funds, has given strong ratings to Coastal Enterprises Inc. for its fund management and the social impact of its community investments.

CEI received a four-star impact management rating with Aeris, which provides comprehensive assessments of a community investment fund's financial strength, performance and impact management. It also received Aeris' "Policy Plus" AA- financial strength and performance ratings.

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

In a news release announcing the ratings, CEI stated that 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:

  • An "impact management rating," which measures the commitment of the fund's management to achieving impact.
  • A "financial strength and performance rating," which assesses overall credit worthiness.

"Our four-star, policy plus, AA- Aeris rating confirms that CEI is a high-quality channel for mission-driven investing that makes a difference in communities," said Betsy Biemann, CEI's CEO. "As a fund manager, we target our investments to balance risk, return, and liquidity while growing good jobs, environmentally sustainable enterprises, and more broadly shared prosperity."

As an Aeris-rated institution, CEI 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 CEI.

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