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.
