WHG Treasury PLC Moody's credit ratings update (2002A)

TIDM80QT

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 .

For further information, please contact:

Sangita Surridge, Corporate Director of Finance at 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 to learn more.

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 or visit 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.

END

SPCEVLFFZFLZBBZ

(END) Dow Jones Newswires

January 18, 2024 10:48 ET (15:48 GMT)

Whg Tsy 45 (LSE:80QT)
過去株価チャート
から 11 2024 まで 12 2024