Last checked at 18 Jan 2024 15:48
News release
Moody's credit ratings update
Moody's Investors Service have on 12 January 2024 affirmed the credit rating of Walsall Housing Group Ltd and whg Treasury Plc at A2 with a stable outlook. This reaffirms the upgrade to A2 (stable outlook) in October 2023.
The credit opinion reflects whg's low-risk business model focused on social housing lettings and strong operating performance, as well as whg's moderate development ambitions.
The stable outlook reflects Moody's expectation that the expected gradual reduction in inflation will alleviate pressures on the cost base and that the proactive risk reduction measures taken by whg in a weaker operating environment will limit development risk.
The Moody's report is available on our Investor Relations Portal, which can be accessed here.
For further information, please contact:
Sangita Surridge, Corporate Director of Finance at sangita.surridge@whgrp.co.uk
Ends.
Media contact
whg External Communications Specialist: Katie.Swann@whgrp.co.uk | 07889 429917
Notes to editors
whg started life in Walsall, where most of its homes are, and it is still the place that anchors the organisation. Today, whg operates across the Midlands, owning and maintaining around 22,000 homes in areas such as Walsall, Telford, Wolverhampton, Worcestershire and Staffordshire.
The business are proud champions of the region, playing an active role in its future prosperity through regeneration, place shaping and community investment. whg specialise in delivery through strategic partnerships, including with Homes England. Visit www.whg.uk.com to learn more.