Triple A Rating
WSW has obtained ratings from two rating agencies in order to reinforce its position on the international markets. Both these ratings (AAA Outlook Negative from Standard & Poor’s and Aaa Outlook Stable from Moody’s Investors Service) have been granted, following the rating agencies’ detailed annual assessment.
WSW is obviously very pleased to have retained both its ratings, specifically because retaining them helps the funding of the housing associations. The rating agencies have detailed the reasons for their ratings in their reports. Both emphasized the strength of the security structure, the government backstop structure and the risk profile and financial stability of the sector, while WSW’s careful working methods and its risk management and control procedures are also important considerations. Both rating agencies praised WSW’s in-house expertise as a guarantor able to assess not only the individual housing associations, but also the sector as a whole.