We receive 'A-' credit rating
CHP and its subsidiary Myriad Capital have once again been awarded an ‘A-’ credit rating in our annual review by S&P Global.
This rating expects our financial performance to remain stronger than other Housing Associations and is based on a number of factors. This includes our ambitious development programme and the challenges posed by the volatile economic environment we’re operating in. S&P’s report recognises our timely response to these pressures as well as our strong liquidity position, which is our ability to raise funds when we need them.
Our outlook this year remains ‘negative’. This reflects our commitment to building more affordable homes and investment in our existing housing stock.
Despite a challenging economy, our credit rating confirms we remain well placed to continue providing great homes that people can afford.
The cost-of-living crisis is putting even more strain on day-to-day living for many people and we know how important it is that our homes are warm, safe and comfortable to live in. There’s also no doubt that there’s a shortage of affordable high-quality homes in the region and that demand outweighs supply.
We’re pleased, therefore, that the review recognises the role we have to play by investing in our existing homes as well as in providing more new affordable places for people to live.