MORhomes PLC rating outlook revised upwards by S&P
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MORhomes PLC rating outlook revised upwards by S&P
Following completion of its regular annual review of MORhomes PLC, S&P has revised upwards the Outlook on MORhomes PLC's credit rating from Negative to Stable. The resultant credit rating is now A- (Stable).
S&P states that "We view the company's risk management policies as sophisticated; it assesses credit risk effectively and closely monitors the asset quality of its lending portfolio.". It also notes the "relatively strong creditworthiness of MORhomes' borrowers".
Andrew Morton, Chief Executive Officer of MORhomes, commented that "We are pleased that S&P has recognised the growing strength of MORhomes through the upgrade of our outlook from Negative to Stable. This reflects the steps taken both to grow the loan book and to optimise the efficiency of the business."
The full report from S&P is available via the link below:
http://www.rns-pdf.londonstockexchange.com/rns/5969L_1-2025-12-15.pdf
For further information please contact:
Andrew Morton
MORhomes PLC, Future Business Centre, Kings Hedges Road, Cambridge CB4 2HY
07498 581246
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