LONDON - EMH Treasury plc, a subsidiary within the East Midlands Housing Group, has retained its robust credit ratings as confirmed by both a regulatory body and S&P Global (NYSE:SPGI) Ratings in January 2025. The company announced that it has maintained the highest governance rating of G1 and a viability rating of V2 following a periodic inspection by the regulator on November 27, 2024. Additionally, it received a C2 rating on the new consumer standard.
These ratings reflect EMH Treasury's status as a well-run organization with a solid foundation, capable of achieving its business objectives despite the volatile economic conditions affecting the sector. The regulator's report highlighted significant areas of good practice, particularly in areas covered by the Consumer Standards. EMH Treasury acknowledged the need for further improvements in some aspects of the Consumer Standards and expressed an ambition to attain a C1 rating in the future.
On January 21, 2025, S&P Global Ratings reaffirmed EMH Treasury's 'A' credit rating with a stable outlook. This affirmation is attributed to the company's prudent cost planning and favorable economic conditions that are expected to stabilize financial metrics despite increased investments in existing homes. S&P's rationale also recognized EMH's thorough assessment of its stock condition and successful efforts in securing grant funding, which is anticipated to reduce borrowing needs and prevent a weakening of debt metrics.
Geoff Clarke, EMH's Executive Director of Finance, expressed satisfaction with the stable outlook, crediting the awareness of costs and associated risks by colleagues across the business. The company's strategic planning and risk management are seen as key factors contributing to the stable credit rating during a period of economic uncertainty and investment in housing infrastructure.
The information for this article is based on a press release statement from EMH Treasury plc.
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