Social homes provider ClwydAlyn, based in St Asaph in Denbighshire, has retained its ‘A’ Credit Rating with a stable outlook, as confirmed by leading multinational credit reference agency, S&P Global.
The credit review, which took place as part of an annual credit check, signifies that ClwydAlyn is financially secure and benefits from good financial management.
S&P Global’s recent report went on to say: “We expect North Wales-based social housing provider ClwydAlyn Housing Ltd.'s financial metrics to remain steady.”
ClwydAlyn is a not-for-profit organisation, which owns and operates over 6,800 homes and employs over 800 staff. The rating reflects ClwydAlyn's stable finances which are based on a long-term plan to build more homes across North and Mid Wales, offering a variety of tenancy options to cater to families and individuals who require affordable housing.
Sandy Murray, Executive Director of Resources at ClwydAlyn said:
“Confirmation of our ‘A’ credit rating reflects our ability to meet our long-term financial commitments. We’re pleased that S&P Global has recognised our ongoing strengths and strategic direction. And, as we enter into a new five-year period, we are as focused as ever on delivering safe, warm, affordable homes to the communities we work alongside.”
S&P Global provides data-driven insights, research and analysis to assess the creditworthiness of organisations.
