L&Q achieves A+ credit rating

Following completion of a detailed financial and risk review by Standard and Poor's, a leading credit rating agency, a long term rating of A+ stable has been achieved by L&Q.

Waqar Ahmed, L&Q’s Group Finance Director said: This is an excellent rating for L&Q and is amongst the highest achieved in the housing association sector. This is a very good rating considering it covers borrowings on an unsecured basis and is achieved in the current difficult economic times.

This will present a positive message to future investors and should enable L&Q to raise new loans at the most attractive terms in the sector. Overall it demonstrates L&Q’s financial strength, experience and ability that allows us to continue to be one of the UK’s largest developing registered social landlords.

The report states that L&Q has achieved this rating due to the high demand for social and intermediate housing, the size and diversification of L&Q’s portfolio, L&Q’s ready access to liquidity, its high level of management expertise relative to the sector, as well as L&Q’s ability to adapt rapidly to changing circumstances.

Full Report (PDF, 52 KB) Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world’s financial markets. For more information on Standard & Poor’s, visit: www.standardandpoors.com