A leading ratings agency has implied that any move by the government to close the Tenant Services Authority could see it downgrade housing associations’ credit ratings. Moody’s Investor Services said: ‘The strong role of the regulator, the TSA, and the funder, the HCA, have proven effective in minimising the sector’s credit risk in times of severe financial distress.’
Moody’s suggestions were echoed by the Housing Finance Corporation, which makes loans to associations funded by bond issues. They said the role of a single, independent regulator was important for investors and axing the TSA could potentially affect bond pricing. Read more on Inside Housing.
No comments:
Post a Comment