S&P Global Ratings has issued an A+ credit rating with a stable outlook for Anchor.

In its credit opinion published on 27 March 2024, the ratings agency cited strong demand for Anchor’s services and steadily increasing rental revenue which it expects to outpace cost inflation, leading to a gradual improvement in financial performance that will provide more capacity to invest in existing homes.

The agency said debt would increase only moderately over the coming two to three years, on the back of contained new home development and acquisitions. S&P continued to cite Anchor’s debt profile and liquidity position as credit strengths.

Anchor’s chief financial officer, Amanda Holgate, said: “The core aim of our business plan is to provide more and better homes where people love living in later life. Maintaining a strong investment grade credit rating enables us to access funding at competitive rates from a highly supportive investor community, which means we can continue to grow the number of housing locations and care homes we provide.” 

The full S&P Global rating is available at: U.K. Social Housing Provider Anchor Hanover Group | S&P Global Ratings (spglobal.com)