Yarlington Housing Group is delighted to have successfully retained its A3 Moody’s rating.
Moody’s reported that the maintained rating reflects Yarlington’s “solid interest coverage ratios, strong liquidity, as well as simple group structure and strong control framework.”
On the rating, Yarlington’s Chief Executive Caroline Moore said:
“We are delighted to have maintained our Moody’s credit rating. The rating reflects our positive financial standing and provides us with the reassurance we need to continue delivering our Next-Gen corporate strategy to build more affordable homes and help tackle the UK’s housing crisis.”
Yarlington has a track record of strong financial performance and consistently high margins. In the last financial year Yarlington saw an annual turnover of £56.6m and operating margin of 33%.
The Moody’s rating not only reflects this performance but the organisation’s streamlined governance and management team, £120m issued bond and ambition to increase exposure to market sales activity.
Yarlington will continue to build more homes, provide our customers a great service and continue to identify opportunities for growth to ensure we help solve the housing crisis.