Research Update

Wheatley Group Capital PLC

03 December 2025

 

Wheatley Group A+ Rating with Stable Outlook affirmed by S&P Global

Following the Scottish Government receiving its first credit rating of AA with a stable outlook in November 2025, S&P Global has undertaken a review of Wheatley Housing Group Limited's rating, reflecting its position as a government-related entity.

S&P Global has reassessed Wheatley's expected government support from high to moderately high, with Wheatley's A+ credit rating and stable outlook remaining unchanged, keeping it among the top-rated social housing providers in the UK.

S&P Global emphasised that Wheatley's management team demonstrated sound fiscal discipline by supporting an appropriate level of investment spending, managing costs effectively, and adjusting the development programme based on available grant funding.

The review by S&P Global stated: "We affirmed our 'A+' long-term issuer credit rating on Wheatley. The stable outlook reflects our expectation that Wheatley's management will prudently execute its business plan while keeping enough financial headroom to mitigate cost and investment pressures."

Following the affirmation of the rating, Steven Henderson, Chief Executive of Wheatley Group, stated, "We are pleased that S&P Global has acknowledged our strong relationship with the Scottish Government and recognised our ongoing financial discipline by maintaining our A+ rating and stable outlook."

For more information, contact: Stuart Darroch

Telephone: [phone]
Email: [e-mail]

 

END