Posted 02.06.17
Wheatley Group: Article link
Wheatley Group, Scotland's largest housing, care and property management group, has had its financial outlook revised upward by international ratings agency, S&P Global Ratings.
The agency revised its forecast for the Group to "stable" from "negative", while retaining its A+ credit rating.
Wheatley Group was issued with a revised credit rating of A+ (negative outlook) in July 2016, following the Brexit vote.
Glasgow Housing Association, the Group's largest subsidiary and Scotland's largest Registered Social Landlord, has also been upgraded from negative to stable, while the senior secured debt rating for Wheatley's £300 million bond, issued in November 2014, remains at A+.
