A2Dominion Housing Group Ltd A2Dominion Group retains G1/V2 rating

TIDM54XE

A2Dominion Housing Group Ltd

29 June 2022

A2Dominion retains G1/V2 rating in latest housing regulator assessment

A2Dominion Housing Group Ltd has retained a G1/V2 rating in an in-depth assessment (IDA) by the Housing Regulator.

As one of the largest housing providers in London and Southern England, they ensure their surplus is directed back into providing much needed affordable homes, meaning that the Group is well placed to continue with its development programme.

The Regulator of Social Housing reported that:

" A2Dominion's compliance with the governance elements of the Governance and Financial Viability Standard remains unchanged. Based on the evidence gained from the IDA, the regulator has assurance that A2Dominion's governance arrangements enable it to adequately control the organisation and to continue meeting its objectives."

Anne Waterhouse, A2Dominion's Interim Group Chief Executive, said:

"We are pleased to have retained our rating, having managed the challenges and risks that exist in our current operating environment. This rating provides assurance for our customers and the wider community, as well as future partnerships, that the organisation is well funded and continues to protect its social housing portfolio.

"The Regulator's judgement has reaffirmed that the Group is well positioned to deal with the inherent risks of delivering our large and diverse development programme that will create thousands of homes for the future."

A2Dominion provides affordable, private, and social rented homes, with profits fed back into improving services and providing new homes for the future. The Group also offers high-quality sustainable homes for sale and shared ownership, available through its FABRICA by A2Dominion brand.

For the full report from the Regulator of Social Housing go to:

https://www.gov.uk/government/publications/regulatory-judgement-a2dominion-housing-group-limited

Press office contact

Sarah Ashton

Senior Corporate Communications Manager

A2Dominion Group

[e-mail]

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAGIGDLXSDDGDC

(END) Dow Jones Newswires

June 29, 2022 04:47 ET (08:47 GMT)