Credit rating: A3

On 22 November 2023, Hastoe’s rating was reconfirmed as A3 with a stable outlook. Moody's stated:

“The credit profile of Hastoe Housing Association reflects its solid operating margins counterbalanced by its high debt levels. The HA is a rural housing specialist with a niche market characterised by very strong demand”

Full credit opinions can be viewed below. Moody's noted the following in their most recent review:

Credit Strengths

  • Strong operating margins
  • Market niche as a rural housing specialist
  • Supportive institutional framework in England

Credit Challenges

  • Debt levels expected to remain higher than peers
  • Capital expenditure expected to increase, but liquidity remains strong
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