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MMCDC earns CARS rating

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business briefs Detroit Lakes, 56501
Detroit Lakes Online
(218) 847-9409 customer support
Detroit Lakes Minnesota 511 Washington Avenue 56501

The Midwest Minnesota Community Development Corporation was one of community development financial institutions from across the United States were rated by the CDFI Assessment and Ratings System in the third quarter of 2009.

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This brings the total number of rated CDFIs to 50.

Of those, almost one-third have been re-rated.

Investors that subscribe to CARS receive detailed analyses that assess the financial strength and performance and impact performance for each CDFI.

Investors use CARS ratings to identify opportunities that meet their social investment criteria and risk parameters, augment their own underwriting, and increase monitoring efficiency, which has become increasingly critical in the face of budget constraints and down-sizing.

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