Saffron Housing Finance PLC Moody's downgrades rating (1260S)

TIDM71KN TIDM71KN

RNS Number : 1260S

Saffron Housing Finance PLC

29 September 2017

29 September 2017

Moody's downgrades rating

On 22 September 2017, international rating agency, Moody's Investors Service Limited announced that it has downgraded the United Kingdom's long-term issuer rating to Aa2 from Aa1 and changed the outlook to stable from negative.

Following this announcement, Moody's Public Sector Europe announced at close of business on 26 September 2017, that it has downgraded Housing Associations ratings by one notch to reflect the close institutional, operational and financial linkages between Has and the UK sovereign.

As a result of the above Saffron Housing Trust long-term issuer rating has been downgraded by one notch to A3 from A2.

This announcement has been made by Francesco Elia, Chief Executive of Saffron Housing Trust.

For further information, please contact:-

Saffron Housing Trust Ltd,

Kevin Kelly

Interim Finance Director

Saffron Barn,

Swan Lane,

Long Stratton,

Norwich,

Norfolk,

NR15 2XP

This information is provided by RNS

The company news service from the London Stock Exchange

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September 29, 2017 02:00 ET (06:00 GMT)