Moody's downgrades housing associations' credit ratings

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Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Finance

The credit ratings of 26 English housing associations have been downgraded by Moody's. The ratings agency's decision to cut the HAs' ratings by one notch was driven by a reassessment of the potential provision of extraordinary support from the regulator, and ultimately the Government, should any HA experience acute liquidity stress. The downgrade came a day after Moody's cut the UK government's debt by one notch from AAA to AA1. Moody's says that the decision to cut the HAs' ratings reflects a...

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