Longhurst Group’s A3 credit rating reaffirmed

Longhurst Group can announce that Moody’s Investors Service has reaffirmed our A3 Stable credit rating.

Moody’s is a leading provider of credit ratings, research and risk analysis. Its latest credit opinion is based on our 2019/20 annual report and financial statements.

Deputy Chief Executive and Chief Financial Officer, Rob Griffiths, said: “Our A3 stable rating is an encouraging endorsement of our ongoing hard work to maintain our strong financial performance.

“In our Improving Lives 2025 strategy, we’ve outlined how we intend to do even more for our customers and communities. Our continued sound financial management will be key to realising this ambitious vision.”


“In our Improving Lives 2025 strategy, we’ve outlined how we intend to do even more for our customers and communities. Our continued sound financial management will be key to realising this ambitious vision.”

Rob Griffiths, Deputy Chief Executive and Chief Financial Officer, Longhurst Group

In its report, Moody’s said the rating reflected the Group’s ‘strong record of operating margin performance’ which has averaged 32 percent over the last four years.

The agency also highlighted our ambitious delivery plans to grow the number of homes we own and manage to over 26,000 by 2025.

Mr Griffiths added: “As reflected in the latest credit opinion, the Group’s financial position remains strong and we’re well-placed to deliver on our development targets over the coming years, as we continue to play our part in tackling the housing crisis.”


    
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