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BRADFORD, UK - Standard & Poor’s (S&P) has reaffirmed Accent Group Limited’s long-term credit rating as ’A’ with a stable outlook, according to a press release statement issued Tuesday.
The rating reflects the housing provider’s financial position, leadership arrangements, and approach to governance and risk management, amid continued economic uncertainty in the UK.
Nick Apetroaie, Accent Group’s CEO, said: "We’re pleased to have our credit rating reaffirmed as ’A with a Stable Outlook’, which is a recognition of Accent’s strong financial foundations and our ongoing ability to deliver value."
The company stated that the rating supports its capacity to continue meeting commitments outlined in its corporate strategy, "Building on Strong Foundations," and to invest in affordable housing.
Accent Group Limited is the ultimate holding company for Accent Capital PLC, which focuses on providing housing solutions across the UK.
The credit rating affirmation comes as housing providers navigate challenges in the UK property market while working to address housing affordability concerns.
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