Civitas Social Hsng. - Investment Grade Credit Rating Affirmed
10/02/2023 10:15
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RNS Number : 5886P Civitas Social Housing PLC 10 February 2023
10 February 2023
CIVITAS SOCIAL HOUSING PLC
Investment Grade Credit Rating Affirmed
Fitch Ratings has affirmed Civitas Social Housing PLC's Long-Term Issuer
Default Rating (IDR) at 'A-' with a Stable Outlook, and its senior secured
rating at 'A'
The Board of Civitas Social Housing PLC ("Civitas" or the "Company"), the UK's
leading care-based and healthcare REIT, is pleased to announce that Fitch
Ratings Limited ("Fitch") has for the third consecutive time affirmed the
Company's existing Investment Grade rating of "A" (senior secured) and a
Long-Term IDR (Issuer Default Rating) of "A-" with a Stable Outlook. Fitch
published their first rating on the Company in March 2021 with the same
Investment Grade distinctions.
The Fitch Rating Action Commentary can be read in full here.
(https://www.fitchratings.com/research/corporate-finance/fitch-affirms-civitas-idr-at-a-stable-secured-debt-at-a-09-02-2023)
ENDS
For further information, please contact:
Civitas Investment Management Limited
Andrew Dawber Tel: +44 (0)20 3058 4846
Paul Bridge Tel: +44 (0)20 3058 4844
Panmure Gordon
Sapna Shah Tel: +44 (0)20 7886 2783
Tom Scrivens Tel: +44 (0) 20 7886 2648
Liberum Capital Limited
Chris Clarke / Darren Vickers / Owen Matthews Tel: +44 (0) 20 3100 2000
Buchanan
Helen Tarbet / Henry Wilson Tel: +44 (0) 20 7466 5000
Hannah Ratcliff / Verity Parker civitas@buchanan.uk.com
Notes:
Civitas Social Housing PLC (CSH) was created in 2016 by Civitas Investment
Management Limited as the first dedicated London listed REIT to raise
long-term, sustainable, institutional capital to invest in care-based social
homes and healthcare facilities across the UK. CSH's portfolio has been
independently valued at £999.5million (30 September 2022). CSH now provides
homes for 4,594 working age adults with long-term care needs, in 697 bespoke
properties that are supported by 130 specialist care providers, 18 approved
providers and working with over 178 individual local authority partners.
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