A2Dominion Housing Group Ltd Regulatory Ratings Review - A2Dominion (5252Y)
03 Enero 2024 - 3:43AM
UK Regulatory
TIDM54XE
RNS Number : 5252Y
A2Dominion Housing Group Ltd
03 January 2024
Date 03/01/2024
Regulatory Ratings Review - A2Dominion
Today the Regulator of Social Housing (RSH) has downgraded
A2Dominion from G1/V2 to G3/V2, following a review in September
2023.
A2Dominion's new grading shows that whilst the Group continues
to meet the RSH's financial viability requirements (V2), it also
needs to make significant improvements to its governance
arrangements (G3) to fully comply with their Governance &
Financial Viability Standard.
The housing association had already recognised the need to make
important changes in early 2023. As a result, it accelerated the
implementation of a wide range of improvements, launched a new
strategy and plan, and engaged even more closely with the
Regulator, including some self-referrals.
The Group - which retained its Fitch credit rating of A with a
stable outlook in October 2023 - is now taking additional steps to
improve aspects of its governance relating to business planning,
risks and controls, and data, in order to return to a fully
compliant grading. It will continue to work closely with the
Regulator to put a joint plan in place over the coming months.
For a full copy of the Regulatory Judgement, follow this
link:
https://www.gov.uk/government/publications/regulatory-judgement-a2dominion-housing-group-limited/current-regulatory-judgement-a2dominion-housing-group-limited-3-january-2024
Press office contact
Name
Sarah Ashton
A2Dominion Group
Mob: 07823 532 199
Sarah.ashton@a2dominion.co.uk
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January 03, 2024 04:43 ET (09:43 GMT)
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