Guinness Partnership (The) Limited Updated Regulatory Judgement (2775T)

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RNS Number : 2775T

Guinness Partnership (The) Limited

13 November 2019

The Regulator of Social Housing (RSH) has today announced the outcome of The Guinness Partnership's recent financial stability assessment.

As a result of this assessment The Guinness Partnership has been regraded from V1 to V2 for financial viability. Our Governance grading remains at G1.

The financial viability regrading is a reflection of our significant investment in our existing homes, as well as our (as yet largely uncommitted) exposure to homes for sale. Investment in our existing homes will always be an organisational priority. As many of our peers are doing, we are reviewing our exposure to private sales. Our committed sales programme is relatively modest. We remain confident in our ability to manage sales and other risks.

This revised grading confirms that we continue to meet the RSH's viability requirements and is a compliant grading.

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November 13, 2019 05:31 ET (10:31 GMT)