Date published: 21 November 2025
Stonewater has retained its A- credit rating and stable outlook from S&P, reflecting confidence in its ability to maintain financial resilience amid challenging market conditions.
The global ratings agency highlighted that, while Stonewater has faced external pressures over the past year, they recognise the leadership team’s decisive steps taken to mitigate these challenges.
This confidence is further reinforced by Stonewater’s strong financial performance reported in its half-year 2025-26 results, with continued growth of income streams and improved operational efficiency resulting in a healthier operating margin and surplus.
It comes after Stonewater received G1/V2/C2 ratings by the Regulator of Social Housing in August, reaffirming the organisation’s strong governance and financial viability.
In addition to it’s programme of investment in improving existing homes, Stonewater recently celebrated the completion of its 8,000th new affordable home since forming in 2015.
Jonathan Layzell, Chief Executive at Stonewater, said: “We’re pleased to retain an A- credit rating at a stable outlook from S&P, confirming that we have strong foundations and are well-placed to manage the challenges facing our customers and the wider housing sector.
“Our focus on effective governance, sound financial management and a deep commitment to customers underpins everything we do. This is reinforced by our strong half-year results showing an increase in our operating margin and other key financial measures, meaning we are still in a good position to continue delivering on our promises to customers.”
“Our leadership team is determined to keep improving services for customers. As a key part of this, we continue to build hundreds of social and affordable homes, but we are aware of the need – now more than ever – to balance our investment in new and existing homes.”
