NEW YORK, NY--(Marketwired - April 04, 2017) - In a first-ever move of its kind, the Local Initiatives Support Corporation (LISC) is issuing $100 million in general obligation bonds to help accelerate its work around economic opportunity and drive investment capital into distressed urban and rural communities across the country.
Standard & Poor's assigned a 'AA' rating to the bond issue, which includes term bonds of 10 and 20 years. The rating mirrors S&P's issuer credit rating, assigned to LISC in September 2016, which highlighted the organization's diverse and growing asset base, minimal loss exposure, and strong history of loan performance.
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