Financial Strength
On 25 October 2023, Credit rating agency Standard & Poor’s (S&P) reaffirmed bpha’s long-term credit rating of A+ (stable)
In their Research Update, S&P have commented that bpha continues to manage its financial position well and maintain financial resilience despite the current challenging operating environment.
The key drivers of their assessment are:
- the flexibility in our financial plans, both in relation to investment in new and existing homes
- our strong liquidity and good access to funding sources if needed
- strong demand for our properties and low exposure to market sales
- the experience of the management team and their understanding of business opportunities and challenges, which mean that our strategy and planning support strong credit indicators.
S&P also reaffirmed at A+ the senior secured debt rating on bpha’s outstanding bonds issued by bpha Finance plc.
2023 Credit Rating Report
Previous Publications
2021 Credit Rating Report
2020 Credit Rating Report
2019 Credit Rating Report
2018 Credit Rating Report