Clarion Funding plc Affirmation of credit rating from S&P (0993H)
November 21 2022 - 8:43AM
UK Regulatory
TIDM96XN TIDM51GC
RNS Number : 0993H
Clarion Funding plc
21 November 2022
Clarion Funding plc
21 November 2022
The Group is pleased to receive affirmation of our A- credit
rating from S&P today, with a 'stable' outlook.
Earlier in the week the Regulator of Social Housing moved
Clarion, along with 18 other registered providers, to a "V2" rating
from "V1". This rating revision was based upon the wider
macro-economic challenges and not Clarion specific factors.
This year we have dialled down our short term development plans
in light of significantly changed macro-economic conditions. We
remain confident that Clarion's prudent approach to financial
management, the significant flexibility in our forward plans and
our strong liquidity positions us well to respond to changed
economic environments. We are pleased that S&P has recognised
this in its rating decision today.
For more information, please contact Andrew Hill, Director of
Treasury and Corporate Finance, Clarion Housing Group - 0208 315
3239 / andrew.hill@clarionhg.com.
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