We’re pleased to announce that this month we have had our S&P Global Ratings long-term issuer credit rating affirmed as ‘A+’ with a stable outlook. The news follows the recent issuing of a retained £50m bond at one of the lowest rates ever agreed by a UK housing association.
We have just published our new three-year corporate plan which sets out how we will build or acquire at least 300 new homes a year until 2023 as part of our vision to deliver great places, great services and great tomorrows for more than 10,000 customers across the region.
This affirmed rating clearly signals Futures’ ability to fund our ambitious growth plans with S&P singling out the organisation’s high stock quality, strong operational performance and robust management practices for mention. The rating notice also recognises Futures’ very strong liquidity position.
Commenting on the news, Group Chair Mike Stevenson said: “We are now embarking on the next phase in our growth and development, focused firmly on meeting the needs of our customers and the wider community across the East Midlands. Providing more affordable homes is absolutely fundamental to our success and I believe this reaffirmed credit rating sends out a powerful message to our many partners and stakeholders that not only do we have a robust business model but also the means to make our plans a reality.”