We have retained our A3 Moody's credit rating

We have retained our A3 Moody's credit rating

B3Living's confirmed credit rating reflects our continued financial performance

Following Moody’s recent announcement regarding the downgrade of the UK sovereign, B3Living confirms that it will retain its A3 (stable) rating.

The report from Moody’s confirms that the association’s credit profile “reflects its strong financial performance and successful development programme, in addition to its high indebtedness compared to peers, and rising exposure to market sales.”

Alex Shelock, B3living’s Executive Director for Finance, said:

“Given the significant challenges in the macro-economic climate, we are very pleased that our rating will continue to reflect B3Living’s strong financial performance, as demonstrated by four consecutive years of increasing surpluses, strong operating margins and our ability to comprehensively service our debt through our core business.

“However, like many housing associations, we are cognizant of that times are becoming increasingly difficult for our customers. It is important that we continue to adapt, while maintaining our stability and robust financial management, so we can be on hand to support our customers most adversely hit by the pandemic.”


For full information, please see our 2020 Combined Annual Report and Financial Statements