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Fitch reaffirms ratings on Social Housing REIT
(Sharecast News) - Social Housing REIT had its investment-grade credit rating reaffirmed by Fitch Ratings on Friday, which maintained the company's long-term issuer default rating at 'A-' and the senior secured rating on its loan notes at 'A'. The London-listed firm noted that the outlook remained negative, reflecting two unresolved tenant-related challenges.
Fitch first assigned the ratings to Social Housing REIT in August 2021, and had maintained them since.
The agency noted that the outlook could be revised to stable once the outstanding tenant issues were resolved.
Social Housing REIT invests in specialised supported housing across the UK, and said the reaffirmation of its credit rating underlined the strength of its financial position despite current challenges.
At 1151 BST, shares in Social Housing REIT were up 1.73% at 70.6p.
Reporting by Josh White for Sharecast.com.
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