TITLE

Merrill Grabs New Microfinance Tool

AUTHOR(S)
O'Connor, Colleen Marie
PUB. DATE
November 2006
SOURCE
Investment Dealers' Digest;11/13/2006, Vol. 72 Issue 43, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23152227

 

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