9:09 AM
Julio Barreto
Bridgeport Housing Authority received an “A” rating from Standard and Poor’s Ratings Service which identified the agency’s outlook as “good”. The rating is a reflection of strengths identified by Standard and Poor’s including high demand for its services, its strong financial situation and senior management team.In explaining its rating of the authority, Standard and Poor’s stated the agency’s management team has the ability and experience needed to balance the agency needs of creating new developments and maintaining its current developments. The ratings agency believes the housing authority’s development fund contains enough money ($13.9 million) to maintain its liquidity as it seeks to leverage its existing resources to communities containing its properties. Standard and Poor’s the agency...
