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LONDON - Sanctuary Capital PLC announced on Monday that it has preserved its G1 governance and V2 viability ratings as assigned by the Regulator of Social Housing (RSH). The organization upholds its reputation for strong governance and financial stability after successfully integrating Swan Housing Association and Johnnie Johnson Housing into its operations.
The RSH, in its routine inspection, confirmed Sanctuary’s robust governance framework and its financial resilience. Alongside this, Sanctuary underwent its first evaluation under RSH’s new consumer standard, achieving a C2 rating, indicating that it generally meets the consumer standards set forth by the regulator.
Craig Moule, Group Chief Executive of Sanctuary, commented on the results, stating, "Sanctuary is a leading provider of affordable housing and care in England and Scotland. Today’s grading from the Regulator of Social Housing confirms we are well-governed and financially resilient."
He also acknowledged the need for ongoing improvement, adding, "We recognize there is more to do and will use the feedback we received to ensure we are putting our customers first and continue to improve the services we provide."
These ratings are significant as they assure stakeholders of Sanctuary’s capability to manage its resources effectively while ensuring the delivery of quality services to its customers. The G1 and V2 ratings are the highest governance and viability standards that an organization can achieve, denoting excellent management and a stable financial outlook.
The information regarding Sanctuary’s ratings was distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement. RNS is authorized by the Financial Conduct Authority in the UK to serve as a Primary Information Provider.
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