A major credit agency has warned that a proposed benefits
freeze could lead to ‘downward pressure’ on rents and make it ‘increasingly
difficult’ for housing associations to manage arrears. Standard and Poors (S&P) released its assessment of
the major risks facing the sector yesterday, expressing limited concern about
other areas of welfare reform. The credit agency- which provides ratings for 15
social landlords- warned that one of the biggest risks to the sector was
providers diversifying into commercial activity they do not fully understand.
Download the report from the S&P website.
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