Merrill Grabs New Microfinance Tool

O'Connor, Colleen Marie
November 2006
Investment Dealers' Digest;11/13/2006, Vol. 72 Issue 43, p9
Trade Publication
The article reports that Merill Lynch Community Development Co. uses the Community Development Financial Institution (CDFI) Assessment and Ratings System (CARS), a new ratings tool that enables it to place some $93 million in new investments in the microfinance industry in the U.S. It is said that CARS is the first tool to rate entities such as CDFIs and community development entities (CDEs). These CDFI and CDEs are financing individuals or groups that fall outside the usual credit norms.


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