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| Name | Symbol | Market | Type |
|---|---|---|---|
| A2dominion 28 | LSE:54XE | London | Medium Term Loan |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -0.27% | 93.50 | 91.25 | 95.75 | 0 | 16:35:17 |
From Jan 2023 to Jan 2025
TIDM54XE
RNS Number : 5252Y
A2Dominion Housing Group Ltd
03 January 2024
Date 03/01/2024
Regulatory Ratings Review - A2Dominion
Today the Regulator of Social Housing (RSH) has downgraded A2Dominion from G1/V2 to G3/V2, following a review in September 2023.
A2Dominion's new grading shows that whilst the Group continues to meet the RSH's financial viability requirements (V2), it also needs to make significant improvements to its governance arrangements (G3) to fully comply with their Governance & Financial Viability Standard.
The housing association had already recognised the need to make important changes in early 2023. As a result, it accelerated the implementation of a wide range of improvements, launched a new strategy and plan, and engaged even more closely with the Regulator, including some self-referrals.
The Group - which retained its Fitch credit rating of A with a stable outlook in October 2023 - is now taking additional steps to improve aspects of its governance relating to business planning, risks and controls, and data, in order to return to a fully compliant grading. It will continue to work closely with the Regulator to put a joint plan in place over the coming months.
For a full copy of the Regulatory Judgement, follow this link:
https://www.gov.uk/government/publications/regulatory-judgement-a2dominion-housing-group-limited/current-regulatory-judgement-a2dominion-housing-group-limited-3-january-2024
Press office contact
Name
Sarah Ashton
A2Dominion Group
Mob: 07823 532 199
Sarah.ashton@a2dominion.co.uk
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END
UPDGCGDBGSGDGSX
(END) Dow Jones Newswires
January 03, 2024 04:43 ET (09:43 GMT)
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