Columbia Association Receives Aa1 Rating from Moody's

Moody’s Investors Service has assigned Columbia Association (CA) an issuer rating of Aa1, CA’s best-ever rating from the agency.

“We are pleased that Moody’s has affirmed the security of Columbia Association’s annual charge, the favorable location of CA within the economically vibrant Howard County region, and CA’s strong financial management,” said Susan M. Krabbe, vice president and chief financial officer of Columbia Association. “In general, being rated highly by Moody’s would allow Columbia Association to issue debt at lower interest rates and with more favorable terms, which would lower CA’s costs when borrowing.”

Obligations rated “Aa” are judged to be of high quality and are subject to very low credit risk, according to Moody’s. An “Aa1” rating is the best rating for that category, bettered only by “Aaa” ratings.

“This is a rare and desirable position for a non-stock, nonprofit corporation such as Columbia Association,” said Milton W. Matthews, president and CEO of Columbia Association. “I thank Columbia Association’s Board of Directors and Columbia Association staff, whose work is reflected in and acknowledged by the Moody’s rating.”

About Columbia Association

Columbia Association (CA) is a nonprofit service corporation that manages Columbia, MD, a planned community that is home to approximately 100,000 people and several thousand businesses. Additional information about CA is available at ColumbiaAssociation.org.