Investors - Credit Rating
Standard & Poor's (S&P) maintains bpha's long-term credit rating at A+ (stable)
We are pleased to announce that S&P has maintained bpha’s long term credit rating at A+ (stable), recognising bpha's core financial strength and very strong liquidity during the past year.
In the S&P report published 28 October 2025, the agency commented that bpha will continue to manage its business prudently, thanks to the ample flexibility built into its plans, enabling the group to maintain strong key financial metrics.
The report also highlighted:
- Our financial indicators remain solid despite an increase in our development program
- Our modest investment growth in existing homes is underpinned by the group’s solid asset quality, which is viewed as more favourable than sector peers
- Our very strong liquidity reflecting the group's prudent liquidity policy
- Strong demand, prudent cost management and limited exposure to market sales underpin solid operational metrics
- Prudent management practises and flexibility in investment plans allow financial adaptability
This strong rating will ensure that bpha can continue to access additional funding in the markets to support the building of much needed new affordable homes.
bpha also has a G1/V1 rating for Governance and Financial Viability from the Regulator, meaning all governance requirements are met and it has the financial capacity to deal with a wide range of adverse scenarios.
