Housing associations 'set to manage' Universal Credit challenge despite significant risks - Moody's

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Published by Jon Land for 24dash.com in Housing and also in Universal Credit

Universal Credit poses a significant but manageable risk to housing associations, according to an overview of the sector published by the ratings agency Moody's. In its update 'English Housing Associations: Lingering Downside Risks Despite Positive 2012 Results', Moody's said the new benefits system - to be rolled out from October 2013 - had the potential to put pressure on Moody's-rated housing associations but they were set to manage the challenges, particularly given the positive financial results t...

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