patrick.net

London, 09 April 2018 -- English housing associations (HAs) rated by Moody's will be able to cope with the anticipated drop in sales revenues linked to a stagnating or declining housing market next year, Moody's Public Sector Europe said in a report today.

The report, "Housing Associations -- England: House price decline will have marginal credit impact on the sector", is now available on www.moodys.com. ...

Moody's central forecasts suggest that flat or falling house prices will equate to a 3.2% or GBP66 million reduction in sales revenue in 2019, a fall which would not have a significant impact on the key financial metrics of HAs rated by Moody's.