Moody’s Awards Highest Rating to Alliance Homes

Alliance Homes Group has once again received Moody’s highest rating for a housing association with a score of A1, following the agency’s annual review of the housing and care provider’s operating and financial performance.

Alliance Homes, which manages over 6,500 homes in the South West of England, is one of only four housing associations in the country to receive the A1 rating. The report from Moody’s highlighted Alliance’s strong balance sheet with low debt levels as well as strong governance and management.

The Moody’s report stated that Alliance’s strengths rested in its strong interest cover ratios, very low debt to revenues, straightforward debt profile, and its strong governance and management strategy for a housing provider of its size. The rating also takes into account the forecasted increase in debt, which will allow Alliance to support new strategies and to increase its housing development programme in line with its Plan A five-year corporate strategy.

Chief Executive, Louise Swain said: “We are extremely pleased to receive this rating and feel it reflects the work that has gone into creating a solid business plan, that keeps us well on course to keep investing in improving customer services and delivering our ambition to deliver 2,000 homes over the next 10 years.”

The A1 rating comes soon after Alliance Homes also received a top rating from the Regulator of Social Housing who reconfirmed Alliance’s G1 V1 status for regulatory standards.