Accent Capital PLC Ratings Update (7060G)

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RNS Number : 7060G

Accent Capital PLC

20 July 2023

Accent Capital PLC

20 July 2023

Accent Group Limited*

Accent Group retains S&P 'A' rating with a stable outlook

* Accent Group Limited is the ultimate holding company for Accent Capital PLC

Standard and Poors (S&P) have today affirmed its credit rating on Accent Group as 'A', with a stable outlook.

This reaffirmation by S&P is a strong endorsement of Accent and our strategic ambitions to deliver improvements to homes and services at pace to meet our customers' needs in a period of continued volatility for the sector.

Paul Dolan, CEO at Accent, comments: "This outcome pays testament to the strength of our corporate strategy, financial resilience, and the strong governance and leadership in place at Accent. This affords us the ability to continue with our significant development programme building sustainable homes in areas of high housing need and retrofitting current properties to meet the government's decarbonisation targets."

Paul continues, "As we continue to see the financial tension on the capacity of our sector and the financial challenges faced by our customers, our focus on delivering high-quality core services, continued investment in our current homes and maintaining an ambitious development strategy ensures we can serve the needs of our customers both now and in the future. This rating demonstrates how we are equipped to remain agile in a changing world."

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Issued by Accent Housing, Shipley, West Yorkshire. For more information, contact Stacey Healey, Brand and Communications Strategist on 0300 373 9694

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(END) Dow Jones Newswires

July 20, 2023 11:08 ET (15:08 GMT)