Civitas Social Housing PLC Investment Grade Credit Rating Affirmed (5886P)
February 10 2023 - 5:15AM
UK Regulatory
TIDMCSH
RNS Number : 5886P
Civitas Social Housing PLC
10 February 2023
10 February 2023
CIVITAS SOCIAL HOUSING PLC
Investment Grade Credit Rating Affirmed
Fitch Ratings has affirmed Civitas Social Housing PLC's
Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable
Outlook, and its senior secured rating at 'A'
The Board of Civitas Social Housing PLC ("Civitas" or the
"Company"), the UK's leading care-based and healthcare REIT, is
pleased to announce that Fitch Ratings Limited ("Fitch") has for
the third consecutive time affirmed the Company's existing
Investment Grade rating of "A" (senior secured) and a Long-Term IDR
(Issuer Default Rating) of "A-" with a Stable Outlook. Fitch
published their first rating on the Company in March 2021 with the
same Investment Grade distinctions.
The Fitch Rating Action Commentary can be read in full here.
ENDS
For further information, please contact:
Civitas Investment Management
Limited
Andrew Dawber Tel: +44 (0)20 3058 4846
Paul Bridge Tel: +44 (0)20 3058 4844
Panmure Gordon
Sapna Shah Tel: +44 (0)20 7886 2783
Tom Scrivens Tel: +44 (0) 20 7886 2648
Liberum Capital Limited
Chris Clarke / Darren Vickers Tel: +44 (0) 20 3100 2000
/ Owen Matthews
Buchanan
Helen Tarbet / Henry Wilson Tel: +44 (0) 20 7466 5000
Hannah Ratcliff / Verity Parker civitas@buchanan.uk.com
Notes:
Civitas Social Housing PLC (CSH) was created in 2016 by Civitas
Investment Management Limited as the first dedicated London listed
REIT to raise long-term, sustainable, institutional capital to
invest in care-based social homes and healthcare facilities across
the UK. CSH's portfolio has been independently valued at
GBP999.5million (30 September 2022). CSH now provides homes for
4,594 working age adults with long-term care needs, in 697 bespoke
properties that are supported by 130 specialist care providers, 18
approved providers and working with over 178 individual local
authority partners.
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END
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