REG - Accent Capital PLC - Ratings Update

AccentAnnouncement

20/07/2023 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230720:nRST7060Ga&default-theme=true

RNS Number : 7060G  Accent Capital PLC  20 July 2023

Accent Capital PLC

20 July 2023

 

Accent Group Limited*

 

Accent Group retains S&P 'A' rating with a stable outlook

 

* Accent Group Limited is the ultimate holding company for Accent Capital PLC

 

Standard and Poors (S&P) have today affirmed its credit rating on Accent
Group as 'A', with a stable outlook.

 

This reaffirmation by S&P is a strong endorsement of Accent and our
strategic ambitions to deliver improvements to homes and services at pace to
meet our customers' needs in a period of continued volatility for the sector.

 

Paul Dolan, CEO at Accent, comments: "This outcome pays testament to the
strength of our corporate strategy, financial resilience, and the strong
governance and leadership in place at Accent. This affords us the ability to
continue with our significant development programme building sustainable homes
in areas of high housing need and retrofitting current properties to meet the
government's decarbonisation targets."

 

Paul continues, "As we continue to see the financial tension on the capacity
of our sector and the financial challenges faced by our customers, our focus
on delivering high-quality core services, continued investment in our current
homes and maintaining an ambitious development strategy ensures we can serve
the needs of our customers both now and in the future. This rating
demonstrates how we are equipped to remain agile in a changing world."

 

-ENDS-

 

Issued by Accent Housing, Shipley, West Yorkshire. For more information,
contact Stacey Healey, Brand and Communications Strategist on 0300 373 9694

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCNKKBKPBKDPOB