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LONDON - Wheatley Group, a prominent UK housing, care, and property management organization, has retained its A+ credit rating with a stable outlook following its annual review with S&P Global. Since 2019, the Group has consistently held this rating, demonstrating solid financial management amidst economic challenges.
The review conducted by S&P Global in April scrutinized Wheatley’s financial performance, business strategies, and the regulatory environment in Scotland. The findings underscored the Group’s prudent business planning and asset management, which are seen as strengths that position Wheatley well for future regulatory changes.
S&P Global’s assessment highlighted the stable outlook as a reflection of the company’s ability to navigate cost and investment pressures effectively. The agency also recognized Wheatley’s ongoing investments in its asset base, which align with the Scottish government’s evolving environmental standards.
Steven Henderson, Chief Executive of Wheatley Group, expressed satisfaction with the annual review results, emphasizing the importance of a robust financial position for the organization. He credited the successful outcome to the commitment of Wheatley’s staff, board members, and partners, which has been integral to the Group’s ability to adapt and fulfill its mission of improving homes and lives.
Wheatley Group manages over 94,000 homes and operates across 19 local authority areas in Scotland, providing services that have garnered accolades for their quality.
The information in this article is based on a press release statement.
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