On 27 November 2024, Hastoe’s rating was reconfirmed as A3 with a stable outlook. Moody's stated:
“The credit profile of Hastoe Housing Association reflects its very high operating margins, focus on social housing lettings and its moderate development ambitions.”
Full credit opinions can be viewed below. Moody's noted the following in their most recent review:
Credit Strengths
- Rural housing specialist with a strong focus on social housing lettings
- Very strong operating performance
- Supportive institutional framework in England
Credit Challenges
- High debt levels and modest interest cover metrics
