Investors - Credit Rating
Standard & Poor's (S&P) maintains bpha's long-term credit rating at A+ (stable)
We are pleased to announce credit rating agency Standard & Poor’s (S&P) affirmed bpha’s long-term credit rating of A+ (stable) on 26 October 2026.
In the S&P report published 26 October 2026, the agency highlighted bpha’s strong financial performance, which is expected to continue, supported by rising revenue from the group’s core social housing portfolio and modest growth in investment in existing homes.
The report also highlighted:
- Our growth ambitions, achieved through new homes and potential acquisitions, balanced by management's prudent cost controls and flexibility in bpha's capital program
- Our effective cost controls and ample flexibility built into strategic plans
- Our modest growth in investment in existing homes, supported by the Group’s solid asset quality
- Our very strong liquidity, reflecting group’s prudent liquidity policy.
S&P also confirmed the A+ rating on our £350m senior secured bond issued by bpha Finance plc.
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.
