Investment Grade Credit Rating Affirmed

RNS Number : 5886P

Civitas Social Housing PLC

10 February 2023

 

 10 February 2023

CIVITAS SOCIAL HOUSING PLC

Investment Grade Credit Rating Affirmed

Fitch Ratings has affirmed Civitas Social Housing PLC's Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, and its senior secured rating at 'A'

The Board of Civitas Social Housing PLC ("Civitas" or the "Company"), the UK's leading care-based and healthcare REIT, is pleased to announce that Fitch Ratings Limited ("Fitch") has for the third consecutive time affirmed the Company's existing Investment Grade rating of "A" (senior secured) and a Long-Term IDR (Issuer Default Rating) of "A-" with a Stable Outlook. Fitch published their first rating on the Company in March 2021 with the same Investment Grade distinctions.

The Fitch Rating Action Commentary can be read in full here.

ENDS

For further information, please contact:

Civitas Investment Management Limited
Andrew Dawber	Tel: [phone]
Paul Bridge	Tel: [phone]
Panmure Gordon
Sapna Shah	Tel: [phone]
Tom Scrivens	Tel: [phone]
Liberum Capital Limited
Chris Clarke / Darren Vickers / Owen Matthews	Tel: [phone]
Buchanan
Helen Tarbet / Henry Wilson	Tel: [phone]
Hannah Ratcliff / Verity Parker	[e-mail]

Notes:

Civitas Social Housing PLC (CSH) was created in 2016 by Civitas Investment Management Limited as the first dedicated London listed REIT to raise long-term, sustainable, institutional capital to invest in care-based social homes and healthcare facilities across the UK. CSH's portfolio has been independently valued at £999.5million (30 September 2022). CSH now provides homes for 4,594 working age adults with long-term care needs, in 697 bespoke properties that are supported by 130 specialist care providers, 18 approved providers and working with over 178 individual local authority partners.

 

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