Posted on 15 March 2019
We are pleased to announce that Fitch Ratings, one of the big three credit rating agencies, has rated us an A+ with a stable outlook.
Fitch ratings reflected the high and sustained demand for social housing in London and the south-east of England and continued cash flow from our core social rental business. The ratings also factor in Hyde's secured cash flow from public funds and the tight control and the regulation provided by the Regulator of Social Housing (RSH).
Peter Denton, Group Finance Director said: “I am delighted that we have received this rating from Fitch. It demonstrates the strength of our business and confidence in our ability to perform despite challenges in the market. They considered our joint venture partnerships and our fully funded five year development programme to be notable factors in deciding on our rating and outlook”.
This rating is in addition to our ‘A’ rating with a stable outlook from Standard and Poor’s.
Read the full Fitch Ratings press release.