Essex-based housing association again recognised with 'Stable 'A-'' credit rating
We are pleased to confirm S&P Global Ratings has again affirmed our credit rating at A- (stable) in our annual review, following their outlook revision to stable in October 2023.
A strong and consistent credit rating provides lenders and investors with a level of assurance regarding our operational and financial performance, as well as the future direction of our business. We are in the first year of our new 2025 – 2030 Corporate Strategy and remain committed to our track record of providing warm, safe, and affordable homes to our customers across Essex. We are also exploring a merger with Estuary Housing Association, which, if approved, would create the largest housing association centred in Essex and one of the largest in the region. It would build on both organisations' strengths by providing high-quality homes and services to local people across Essex and the surrounding area.
Paul Edwards, CHP’s Chief Executive said: “This is fantastic news for CHP as a business and for the customers we support. An A- (stable) rating supports our plans to push forward with our current strategy and strengthens our ability to continue to provide great homes and services to our customers. In this tough economic environment, we continue to explore how we can grow and improve as an organisation, and a potential merger with Estuary would make us a powerful influence on future housing strategy and further development in the county.”