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/
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.
