Poplar HARCA Capital PLC New Credit Rating from Fitch Ratings (9526U)
November 28 2023 - 10:48AM
UK Regulatory
TIDM61CW
RNS Number : 9526U
Poplar HARCA Capital PLC
28 November 2023
Following a recent review of its ratings and financing strategy,
Poplar HARCA Capital Plc has obtained a new credit rating from
Fitch Ratings of A-(Stable). The decision was taken on the basis of
a review of the different methodologies employed by the three
rating agencies covering the UK social housing sector. The ratings
review also concluded that Poplar HARCA did not see value for money
in maintaining two credit ratings on an on-going basis, and
therefore the decision was taken to terminate its contract with
Moody's Investors Service. Moody's Investors Service has
communicated to Poplar HARCA that it intends to continue publishing
an unsolicited rating on Poplar HARCA.
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