In response to today’s ratings boost for Stonewater by S&P Global Ratings

John Bruton, Executive Director – Finance said: “We are delighted that leading credit rating agency, S&P Global Ratings, has today affirmed Stonewater’s 'A+' rating and revised its outlook to stable (from negative).

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"The revised outlook is in response to the increased political certainty felt following the election of a majority government last week and also reflects Stonewater’s strong financial position, with good liquidity access as required.

“We welcome the move and are confident Stonewater will continue playing an important role in tackling the housing crisis through increased investment in our existing homes, as well as leading an ambitious development programme of building thousands of high-quality, affordable homes for those who need them most.”