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Rating reports

View our rating reports from the Regulator of Social Housing and S&P Global Ratings.

Stonewater holds G1 and V2 gradings from the Regulator of Social Housing for governance and viability, together with a C2 grading for consumer standards.

Our credit rating from S&P Global Ratings is the result of very strong liquidity and a robust business model, with predictable revenue streams from low-risk and countercyclical social housing rental activities.

Summary

 

Result

Date

Credit Rating: S&P Global Ratings

A- (stable outlook)

27 November 2024

Regulator of Social Housing Governance Grading

G1

27 August 2025

Regulator of Social Housing Viability Grading

V2

27 August 2025

Regulator of Social Housing Consumer Grading

C2

27 August 2025

Regulatory judgement

This is the Regulator of Social Housing's view of how well we are meeting the Regulator of Social Housing's standards.

The judgement shows that Stonewater meets the governance and viability requirements and that we have the financial capacity to deal with a reasonable range of adverse scenarios. The C2 rating confirms we are broadly meeting the new consumer standards but have work to do to address some aspects.

Close-up of frosted glass door in Stonewater office, with Stonewater 'S' logo on the door

S&P Global Ratings report

Our credit rating from S&P Global Ratings is the result of strong liquidity and a robust business model, with predictable revenue streams from low-risk and countercyclical social housing rental activities.

Man on tablet device in office, shot through the glass with light reflecting through the windows

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