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.

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.

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