Heading: S&P affirms bpha A+ (stable) rating on strong performance
Standard and Poor’s Global Ratings has affirmed their A+ long term issuer credit rating on bpha despite macroeconomic headwinds and challenging dynamics within the housing sector.
S&P said “We think bpha’s management has extensive experience in the social housing sector, along with a good understanding of its business opportunities and challenges. In our view, the strengths in the group’s strategy and planning have supported bpha’s solid credit indicators amid challenging times for the sector.”
Julian Pearce, CFO of bpha said: “To have S&P affirm the financial strength and the long-term stability of bpha is extremely positive. This will further increase the credibility of the organisation to potential investors as we continue to focus on providing quality, affordable homes and working within our communities.”
Since 1990 bpha has continued to grow and develop new homes for customers in the centre and east of England.
The S&P credit rating recognised the strengths of bpha, including:
- A strong financial risk profile with a very strong liquidity position
- Sound management practises
- Strong affordability of its housing units
- High demand for bpha services
- Strengths in strategy and planning