As one of the largest housing associations in the South and South West, we’re pleased to retain our A3 credit rating from Moody’s reflecting our commitment to deliver more homes to the highest standards and reinvest in our existing properties.
Vimal Gaglani, Director of Treasury and Financial Planning at Abri said:
“We’re pleased to have retained our A3 rating. Our financial strength and operational capability have enabled us to navigate through the impact of the ongoing impact of Covid-19, whilst still ensuring we can continue to provide services and support to our colleagues and customers and continue to develop much needed homes.
“Moody’s have recognised our strong liquidity and strengthening unencumbered assets, which will help us to retain our 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.
“We will continue to make best use of our resources by developing affordable housing and investing in our existing properties, making sure they are safe and minimising our carbon footprint."
It’s not just about new homes though. As part of Abri’s business plan we’re updating existing properties, some of which were built many years ago, which includes replacing the cladding on our high-rise buildings. This is part of Abri’s commitment to make sure our homes are sustainable and support our plans to tackle climate change and meet the highest safety standards.
Our strong liquidity puts us in a good position to deliver against our strategic objectives outline in our corporate plan, Achieving Together 2020 – 2025."