We receive ‘Stable 'A-'’ credit rating
S&P Global Ratings has revised CHP’s credit rating up to a ‘Stable 'A-'’ in our annual review.
We have evolved our growth strategy, by working in partnership with M&G, Octopus and LGAH, to complement our track record of delivering new, affordable homes across Essex. This strategy results in more homes being delivered overall but slows the pace of growth on our balance sheet, improving financial metrics for debt and interest cover. A stronger, growing business allows us to also focus more resources on supporting our customers.
Paul Edwards said: “This is fantastic news for CHP as a business and the customers we support. A ‘Stable 'A-'’ rating supports our plans to push forward with our current strategy and acknowledges the progress we’ve made over the last 12 months despite a challenging economic environment. We remain well-placed to continue providing great homes and services for our customers and communities across Essex.”
We plan to continue the current strategy over the next three years, which aligns with our commitment to providing warm, safe, and affordable homes.