Information for investors
We’re ambitious and we've got some big plans. We want to provide a lot of homes to those who need them and we want them to be the best possible quality.
We want to be providing at least 1,000 new homes a year by 2025.
But that’s not all. We also want to:
- Tackle homelessness
- Fix inequalities
- Give people opportunities to get employment
- Improve health and wellbeing in our communities and the workplace
- Make a positive impact on the environment
These are just some of our goals. But they’re big issues and while we can do a lot, we know that to make the most difference, we cannot work alone. That’s why we’re always keen to work with other likeminded people and organisations.
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Moody's Credit Rating 2021
We are pleased to have retained our credit rating.
As one of the largest housing associations in the South and South West, we’re pleased to retain our A3 stable credit rating from Moody’s reflecting our commitment to deliver more homes to the highest standards and reinvest in our existing properties.
“We're pleased that Abri has retained its A3 stable rating from Moody's. This reflects our strong market position and our solid liquidity. In their credit opinion, Moody’s also highlighted Abri's strong unencumbered asset base, which will help raise new funding.
“In addition, last month (November 2021), the Regulator of Social Housing also reaffirmed Abri’s G1/V1 rating, its highest grades for both governance and viability.
“Both of these announcements will help Abri to retain its flexibility to realise our ambitions of delivering at least 12,500 homes by 2030. We’re also making sure all areas of our building programme comply with the very latest building safety standards.” - Vimal Gaglani, Director of Treasury & Financial Planning
In November 2021 Abri retained its top tier G1/V1 rating by the Regulator of Social Housing.
This is the highest possible grade for both our governance and financial viability.
Abri completed its group restructure on 30 June 2021
As one of the South’s leading housing providers, we completed the final stage of our planned group restructure to optimise capacity and reduce complexity. On 30 June 2021, the principal activities of Yarlington Housing Group were transferred into Abri Group limited. This was an important milestone on our integration journey since our formation in November 2019 when Radian and Yarlington came together.
The number of Registered Providers in the Abri Group has now been significantly reduced giving a simpler group structure. This final change, along with combining existing loan agreements into fewer entities will allow us the ability to build more sustainable homes and focus on decarbonising existing stock.
Today (4 May 2021) Abri sold £60m of retained bonds in Yarlington Treasury Services and raised £70.4m.
Vimal Gaglani, Director of Treasury and Financial Planning at Abri commented;
“We’re pleased that we’ve been able to raise over £70m today in the sale of retained bonds. These additional funds increase our liquidity and allow us to invest more in our existing homes and continue our commitment to deliver at least 1,000 new sustainable homes each year. It also helps us on our journey to be net-zero carbon by 2050.”
ESG Social Housing Working Group: Sustainability Reporting Standard for Social Housing
Building new, affordable homes is one of our top priorities, and doing it in a way that is mindful of the environment and smart in design is really important. However, providing housing is only part of our purpose because we’re also on a mission to create thriving communities where equal opportunity is a reality.
We’re not the only people passionate about these things and we’re excited about giving our full support to a Sustainability Reporting Standard for Social Housing that has just been launched by the ESG Social Housing Working Group.
Equality, Diversity and Inclusion: what are we doing?
All In – our commitment to Equality, Diversity and Inclusion
All In is our commitment to Equality, Diversity and Inclusion. It’s about making sure that we’ve not just got a seat at the table, but that we’re part of the conversation. It’s about making sure everyone is treated with respect and reaffirming that there’s no place for discrimination, of any kind, on our doorstep. It’s about making change from the inside, so we can become a truly great place to work, for everyone. All In is part of a wider EDI strategy that has been created in partnership with our EDI committee.
The Regulator of Social Housing
The Regulator of Social Housing gave us a G1 for governance and we got a V1 for financial viability.