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Housing Today
Trusted media brand of the Chartered Institute of Housing
Abri retains A3 credit rating from Moody’s ahead of Octavia merger
Troubled housing association too small to impact soon-to-be owner’s rating
The ratings agency Moody’s has re-affirmed Abri group’s credit grade of A3 stable across all its entities ahead of its merger with Octavia.
Octavia, which manages around 5,000 homes, is currently non-compliant with the Regulator of Social Housing’s governance and financial viability standard because of its poor financial planning and ‘unrealistic budgets’.
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