37PX Tchg Capital 45

TIDM37PX

RNS Number : 4326D

TCHG Capital plc

06 July 2016

TCHG Capital plc

GBP 80,000,000 4.665 per cent. Secured Bonds due 2045 (the Bonds)

ISIN XS1080221598

Rating downgrade

On 4 July 2016, S&P downgraded Town and Country Housing Group and the Bonds from AA- to A+ with a stable outlook.

S&P downgraded almost all of the housing associations it rates as a result of the Brexit vote. S&P's view is that the likelihood of government support for housing associations now has a neutral effect on ratings in the housing association sector, rather than an uplift.

TCHG Capital plc

Fifth Floor

100 Wood Street

London EC2V 7EX

6 July 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUNSARNAABRAR

(END) Dow Jones Newswires

July 06, 2016 07:43 ET (11:43 GMT)

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