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TCHG Capital plc (37PX)


Wednesday 06 July, 2016

TCHG Capital plc

Rating of Notes

RNS Number : 4326D
TCHG Capital plc
06 July 2016

TCHG Capital plc

GBP 80,000,000 4.665 per cent. Secured Bonds due 2045 (the Bonds)

ISIN XS1080221598


Rating downgrade


On 4 July 2016, S&P downgraded Town and Country Housing Group and the Bonds from AA- to A+ with a stable outlook.


S&P downgraded almost all of the housing associations it rates as a result of the Brexit vote. S&P's view is that the likelihood of government support for housing associations now has a neutral effect on ratings in the housing association sector, rather than an uplift.



TCHG Capital plc

Fifth Floor
100 Wood Street
London EC2V 7EX


6 July 2016


This information is provided by RNS
The company news service from the London Stock Exchange

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