Platform HG Financing PLC Strategy/Company/Ops Update (9580W)

TIDM17YE

RNS Number : 9580W

Platform HG Financing PLC

29 April 2021

Platform HG Financing Plc

Platform Housing Group Receives Highest Governance and Financial Viability Ratings

Platform Housing Group, the largest housing association in the Midlands, has received the highest ratings for Governance ('G1') and Financial Viability ('V1') from the Regulator of Social Housing (RSH). The ratings were re-affirmed following an in-depth assessment carried out by the RSH in February - April 2021.

The ratings reflect Platform's commitment to sustainable growth and follow its recent A+ ratings from Standard and Poors (S&P) and Fitch earlier in the year.

Elizabeth Froude, Chief Executive at Platform Housing Group said: "We are delighted to have the highest ratings of governance and viability re-affirmed by the Regulator. The ratings demonstrate that our business has strong and stable foundations and the Board take the leading role in shaping our strategy. Combined with our A+ ratings from S&P and Fitch the ratings will provide assurance to our funders that Platform continues to be an excellent organisation to invest in. This will help us access the funding that we need to invest in our homes and our communities as we continue to help alleviate the Midlands housing shortage and provide enhanced life prospects for more people."

Platform Housing Group - which owns over 46,000 homes in total - completed 1,448 homes in 2019/20 (1,598 in 2018/19) at an investment of GBP258m (GBP228m in 2018/19). The Group also built more social rented homes - at a figure of 981 - during the past 2 years in England than any other provider, 523 in 2019/20, almost 33% of the total homes built.

Platform Housing Group's operating area is from Herefordshire in the West to the Lincolnshire coast in the East, and from the Derbyshire Dales in the North to the Cotswolds in the South.

For further information please contact Ben Colyer, Corporate Treasury Director at Platform Housing Group on 07918 16099, ben.colyer@platformhg.com.

For media enquiries please contact Kabbie Langford, Media and Engagement Advisor on 07918 160841, kabbie.langford@platformhg.com

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.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.

END

UPDEASLPAENFEFA

(END) Dow Jones Newswires

April 29, 2021 02:00 ET (06:00 GMT)

Plat Hg Fin 55 (LSE:17YE)
Historical Stock Chart
From Nov 2024 to Dec 2024