Our latest A3 credit rating issued by Moody's demonstrates a stable outlook, our strong financial position, well-diversified housing stock and experienced management team. 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 moderate, but remain higher than peers
- High interest costs, resulting in weak interest coverage
