Thought leadership for housing associations: A changing credit rating landscape
Summary
Credit ratings agencies now rank among the most important financial stakeholders for many housing associations (HAs), influencing relationships with banks, investors, and the Regulator of Social Housing (RSH). Updates to S&P’s methodology, a subtle change in the approach from Moody’s, increased pressure on operating ratios, and the risk of BBB/Baa1 are all likely to be key themes over the next 12 months. Such issues will affect not only those with an existing rating in place, but also HAs considering either an inaugural or additional rating. These topics and more are covered in Chatham’s latest thought leadership piece.
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Disclaimers
This material has been created by Chatham Financial Europe, Ltd. and is intended for a non-U.S. audience. Chatham Financial Europe, Ltd. is authorised and regulated by the Financial Conduct Authority of the United Kingdom with reference number 197251.
