Moody’s rating changed to stable from negative

Jigsaw Funding PLC

27 February 2024

 

Jigsaw Funding plc £360,000,000 3.375 per cent Secured Sustainability Bonds due 2052

LEI of the Issuer is 213800JR9H24DDKNFB02

ISIN Number XS2471415534

CFI for the Bonds is DAFNFB or as set out on the website of the Association of National Number Agencies (ANNA).

FISN for the Bonds is JIGSAW FUNDING/3.375ASST BKD 205205 or as set out on the website of the ANNA.

Moody's changes Jigsaw's outlook to stable from negative, A2 ratings affirmed.

Jigsaw Funding plc is a wholly owned subsidiary of Jigsaw Homes Group Limited ("Jigsaw or the Group").

On 23 February 2024, Moody's affirmed the A2 long-term issuer rating of Jigsaw Homes Group Limited (Jigsaw) and the A2 senior secured debt rating of Jigsaw Funding plc. Jigsaw's Baseline Credit Assessment (BCA) has also been affirmed at a3.

The outlooks for both changed to stable from negative, reflecting Moody's expectation that Jigsaw's operating performance will strengthen relative to results recorded during 2023.

Details of the publication can be found here:

https://www.jigsawhomes.org.uk/news/general/moodys-changes-jigsaws-outlook-to-stable-from-negative-a2-ratings-affirmed/

 

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