10th Aug 2021 10:29
RNS Number : 1563I
PenArian Housing Finance PLC
10 August 2021
S&P Rating of A Stable reaffirmed.
ClwydAlyn Housing has retained its rating from S&P at A stable. S&P Made the following comments
"the group's predictable and growing revenue base will support a continuous strengthening of financial performance"
"the resilience that ClwydAlyn has demonstrated throughout the pandemic, with its operating margin remaining solid, above 25%."
"We view ClwydAlyn's liquidity position as strong"
"We view the group's development ambitions as aligned to management's capabilities, with ClwydAlyn's management having significant experience in the social housing sector."
At the same time, S&P affirmed their ''A' issue rating on the £250 million bond issued by PenArian Housing Finance PLC'.
The full S&P report is available through our investor page.
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