Affinity Sutton Capital Markets PLC Investor update (5098S)
2016年12月21日 - 11:24PM
RNSを含む英国規制内ニュース (英語)
TIDM51GC TIDMTTM
RNS Number : 5098S
Affinity Sutton Capital Markets PLC
21 December 2016
21 December 2016
The HCA has today issued a Regulatory Notice, concluding that
one of the legacy bodies of Clarion Housing Group, Circle Housing,
breached the Homes Standard and caused risk of serious detriment to
its tenants.
The Notice identifies a number of service failures which have
affected Circle Housing residents, particularly in parts of London,
which Clarion Housing Group is taking urgent steps to address.
The Group is confident that we have the right balance of
determination, skills and experience to solve these problems.
Some of the improvements required will take time, but we are
already putting a programme in place to transform the way services
are delivered. As a start, residents have struggled to reach our
contact centre and we are in the process of fixing this problem -
we are already able to answer calls more quickly but there are more
improvements to come. Over the coming months we will work closely
with residents, the HCA and other stakeholders to ensure our
services and performance, and that of our contractors, meet the
expectations our residents can reasonably expect and the standards
set by the regulator.
The HCA has retained Clarion Housing Group's governance rating
at G2, following their interim judgement announced on 15 December
2016. This reflects the lower of the two ratings of Circle Housing
and Affinity Sutton, in line with its new policy on mergers.
Clarion Housing Group is focused on dealing with the serious issues
raised by the HCA in today's notice and continues to work towards a
G1 grade.
The full Regulatory Notice can be found on the HCA's
website.
An investor update call will hosted by Clarion Housing Group at
15:00 today. Those wishing to participate can dial in using the
following details.
Conference call details:
Dial In: +44 20 3139 4830
Participant Pin: 29778278#
Separately, and as anticipated following completion of the
merger, Moody's has downgraded the long-term issuer rating of
Clarion Housing Group to A2 with a negative outlook, in line with
the rating of Circle prior to merger. Moody's notes, however, that
Affinity Sutton has a history of successful mergers. The negative
outlook reflects the sector wide risks on the housing association
sector following the UK vote to leave the EU.
ENDS
For further information please contact:
Anna Upton, Head of External Relations, Clarion Housing Group on
anna.upton@clarionhg.com or 07977 285 443
This information is provided by RNS
The company news service from the London Stock Exchange
END
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