Standard & Poor's credit rating July 2023

Housing 21

28 July 2023

 

Standard & Poor's credit rating July 2023

On 27 July 2023, Standards & Poor's reaffirmed the long-term issuer rating of Housing 21 as 'A-' however is placed on CreditWatch with negative implications due to the proposed merger with ExtraCare Charitable Trust (ECCT).  A final decision on the merger will be made by the end of September once the due diligence is completed but will be subject to Board approvals. The revised financial metrics and liquidity requirements of the combined Group will be a key part of the Board's decision. At this point we expect the CreditWatch to be resolved.

The S&P assessment report can be found on the Housing 21 website:

https://www.housing21.org.uk/corporate/investors/credit-worthiness/

If you have any specific questions please contact:

Andy Shaw, Chief Financial Officer

Telephone: [phone]

Email: [e-mail]

 

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