REG - WHG Treasury PLC - Moody's credit ratings update

Moody'sAnnouncement

18/01/2024 17:00

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RNS Number : 2002A  WHG Treasury PLC  18 January 2024

News release

 

Moody's credit ratings update

 

 

Moody's Investors Service have on 12 January 2024 affirmed the credit rating
of Walsall Housing Group Ltd and whg Treasury Plc at A2 with a stable outlook.
This reaffirms the upgrade to A2 (stable outlook) in October 2023.

 

The credit opinion reflects whg's low-risk business model focused on social
housing lettings and strong operating performance, as well as whg's  moderate
development ambitions.

 

The stable outlook reflects Moody's expectation that the expected gradual
reduction in inflation will alleviate pressures on the cost base and that the
proactive risk reduction measures taken by whg in a weaker operating
environment will limit development risk.

 

The Moody's report is available on our Investor Relations Portal, which can be
accessed here
(https://www.whg.uk.com/wp-content/uploads/2024/01/Credit_Opinion-Walsall-Housing-Group-Ltd-UK-12Jan2024-PBC_1391336.pdf)
.

 

For further information, please contact:

Sangita Surridge, Corporate Director of Finance at
sangita.surridge@whgrp.co.uk (mailto:sangita.surridge@whgrp.co.uk)

 

Ends.

Media contact

whg External Communications Specialist: Katie.Swann@whgrp.co.uk | 07889 429917

Notes to editors

whg started life in Walsall, where most of its homes are, and it is still the
place that anchors the organisation. Today, whg operates across the Midlands,
owning and maintaining around 22,000 homes in areas such as Walsall, Telford,
Wolverhampton, Worcestershire and Staffordshire.

 

The business are proud champions of the region, playing an active role in its
future prosperity through regeneration, place shaping and community
investment. whg specialise in delivery through strategic partnerships,
including with Homes England. Visit www.whg.uk.com (http://www.whg.uk.com) to
learn more.

 

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