Guinness Partnership (The) Limited Updated Regulatory Judgement (2775T)
13 Noviembre 2019 - 4:31AM
UK Regulatory
TIDMBB26
RNS Number : 2775T
Guinness Partnership (The) Limited
13 November 2019
The Regulator of Social Housing (RSH) has today announced the
outcome of The Guinness Partnership's recent financial stability
assessment.
As a result of this assessment The Guinness Partnership has been
regraded from V1 to V2 for financial viability. Our Governance
grading remains at G1.
The financial viability regrading is a reflection of our
significant investment in our existing homes, as well as our (as
yet largely uncommitted) exposure to homes for sale. Investment in
our existing homes will always be an organisational priority. As
many of our peers are doing, we are reviewing our exposure to
private sales. Our committed sales programme is relatively modest.
We remain confident in our ability to manage sales and other
risks.
This revised grading confirms that we continue to meet the RSH's
viability requirements and is a compliant grading.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
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