On 16 December 2022, Hastoe’s rating was reconfirmed as A3 with a negative outlook. Moody's stated:
“The credit profile of Hastoe Housing Association reflects its solid operating margins, simple structure and strong market position, counterbalanced by its weaker interest coverage ratios than peers and its high debt levels.”
Full credit opinions can be viewed below. Moody's noted the following in their most recent review:
- Strong operating margins
- Market niche as a rural housing specialist
- Adequate liquidity
- Supportive institutional framework in England
- Debt levels expected to remain higher than peers
- High interest costs, resulting in weak interest coverage
In line with our commitment to being open and transparent, we publish details of all our development expenditure in excess of £500.
Information about the Hastoe Group's financial performance and financial statements.
The Hastoe Group complies with the principal recommendations of the NHF Code of Excellence in Governance 2015.