Credit rating

WM Housing Group’s first credit rating(Aa3) was issued by Moody’s on 8th November 2012.

In both February and May 2013, Moody’s downgraded the ratings of almost all Moody’s-rated Housing Associations by one notch on each occasion. This meant our rating became A1 (from Aa3) in February2013 and A2 (from A1) in May 2013. The Moody’s press releases for both February 2013 and May 2013 are contained within this section of the website.

On 6 November 2014, Moody’s published its latest review of the Group’s credit rating, affirming the A2 rating (May 2013)with a stable outlook. The published rating is contained within this section of the website.

On 6 November 2015 and pending the out come of the 2015 annual review, Moody’s published an update of the 2014 review with commentary relating to the Conservative Party Budget in July 2015. The Group’s rating has not changed since the November 2014 publication. The updated review can be found within this section of the website.

The outcome of the 2015 credit rating review was published on 29 January 2016, affirming the Group’s A2 rating. The published rating is contained within this section of the website.

On 29 June 2016, following the Brexit vote, Moody’s affirmed WM Housing Group’s credit rating at A2 but changed the outlook from “stable” to “negative” reflecting the potential impact on Housing Associations as a result of the vote. Moody’s have affirmed credit ratings and changed the outlook from “stable” to “negative” on 41 housing associations. The updated credit opinion is contained within this section of the website.

The outcome of the 2016 credit rating review was published on 21 February 2017, affirming the Group’s A2 rating. The published rating is contained within this section of the website

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