REG - PenArian Housing Fin - Credit Rating Notification

Moody'sAnnouncement

06/11/2024 18:45

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RNS Number : 2435L  PenArian Housing Finance PLC  06 November 2024

PenArian Housing Finance
PLC

ClwydAlyn Housing Limited

We are delighted to announce an update to our Moody's Credit opinion.
ClwydAlyn's outlook has remained as A3 Stable.

 

Summary

The credit profile of ClwydAlyn Housing (ClwydAlyn, A3 stable) reflects its
focus on social housing lettings, which provides stable and predictable
revenue, its strong market position in Wales and low gearing balanced against
its weaker operating margins than peers. ClwydAlyn benefits from the strong
regulatory framework governing Welsh housing associations (HAs) and our
assessment that there is a strong likelihood that the government of the UK
(Aa3 stable) would act in a timely manner to prevent a default.

 

The full version of the rating can be found on the Moody's website.
https://www.moodys.com/

 

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