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
