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...
