10th Feb 2023 10:15
10 February 2023
CIVITAS SOCIAL HOUSING PLC
Investment Grade Credit Rating Affirmed
Fitch Ratings has affirmed Civitas Social Housing PLC's Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, and its senior secured rating at 'A'
The Board of Civitas Social Housing PLC ("Civitas" or the "Company"), the UK's leading care-based and healthcare REIT, is pleased to announce that Fitch Ratings Limited ("Fitch") has for the third consecutive time affirmed the Company's existing Investment Grade rating of "A" (senior secured) and a Long-Term IDR (Issuer Default Rating) of "A-" with a Stable Outlook. Fitch published their first rating on the Company in March 2021 with the same Investment Grade distinctions.
The Fitch Rating Action Commentary can be read in full here.
ENDS
For further information, please contact:
Civitas Investment Management Limited | |
Andrew Dawber | Tel: +44 (0)20 3058 4846 |
Paul Bridge | Tel: +44 (0)20 3058 4844 |
Panmure Gordon | |
Sapna Shah | Tel: +44 (0)20 7886 2783 |
Tom Scrivens | Tel: +44 (0) 20 7886 2648 |
Liberum Capital Limited | |
Chris Clarke / Darren Vickers / Owen Matthews | Tel: +44 (0) 20 3100 2000 |
Buchanan | |
Helen Tarbet / Henry Wilson | Tel: +44 (0) 20 7466 5000 |
Hannah Ratcliff / Verity Parker |
Notes:
Civitas Social Housing PLC (CSH) was created in 2016 by Civitas Investment Management Limited as the first dedicated London listed REIT to raise long-term, sustainable, institutional capital to invest in care-based social homes and healthcare facilities across the UK. CSH's portfolio has been independently valued at £999.5million (30 September 2022). CSH now provides homes for 4,594 working age adults with long-term care needs, in 697 bespoke properties that are supported by 130 specialist care providers, 18 approved providers and working with over 178 individual local authority partners.
Related Shares:
CSH.L