Hyde Group’s outlook improves to stable, with A- rating affirmed by S&P Global
S&P Global has affirmed our A- rating and improved our outlook from negative to stable, reflecting our strong financial position
)
S&P Global, one of the leading credit ratings agencies, cited our ‘controlled’ management of the acquisition of Pinnacle Group, and the integration of Tower Hamlets Community Housing, over the past year, in its report.
Rod Holdsworth, Hyde Group’s Chief Financial and Resources Officer, said: “This improved outlook shows our financial discipline and increased investment in our homes, along with our strategy of attracting institutional investors to the sector, is making us more sustainable in the long term.
“This means we can continue to deliver better outcomes for our customers, and to deliver long term, sustainable returns for funders, for many years to come.”
In its November 2025 credit rating report, S&P Global said: “The stable outlook reflects our expectation that growth in rental income, projected proceeds from asset sales and availability of grants, would help Hyde to gradually improve its financial performance and reduce debt burden, while continuing to invest in existing and new stock.
“We expect Hyde's core social housing business will maintain high demand…vacancy rates have dropped to a three-year average of 0.6% – one of the lowest across our rated portfolio and significantly lower than the English social housing sector average of 1.7%, also indicating sound management of operations.”