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Housing Today
Trusted media brand of the Chartered Institute of Housing
Housing assocations’ cash interest cover falls to record low
Regulator warns providers’ capacity to absorb risk has reduced
The Regulator of Social Housing’s (RSH) quarterly survey shows that housing providers’ aggregate cash interest cover, excluding sales, has reduced to 74%, for the year to September. This marks the lowest cash interest cover level on record.
Cash interest cover in the quarter was 87%, in line with forecast, however, it remains below 100% for the fourth consecutive quarter.
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