Wheatley Group completes Annual Review with S&P

Wheatley Group Capital PLC

03 June 2026

 

Wheatley Group completes Annual Review with S&P Global

Wheatley Group, one of the UK's highest-performing housing and property management organisations, has completed its annual review with S&P Global, the leading credit rating agency, with no change to its rating or outlook.

Wheatley has retained its A+ rating with a stable outlook since 2019, reflecting strong financial management.

The Group owns or manages more than 93,400 homes and provides award-winning services across 19 local authority areas in Scotland.

The review, carried out in May 2026, covered financial performance, business plans, and Scotland's operating and regulatory environment.

The review by S&P Global stated: "Wheatley, Scotland's largest social landlord, continues to benefit from very strong demand for its properties, supported by the group's low social-to-market rents. We view positively that the group is using its rent-setting flexibility to soften the impact of its comprehensive stock improvement program. We continue to assess the group's liquidity position as very strong."

S&P Global also reported: "We view Wheatley's asset quality as very strong, influenced by the group's proactive investment in the energy efficiency of its stock. Wheatley is well placed relative to the sector. About 93% of Wheatley's housing stock is rated EPC C or above, significantly higher than the most recently published Scottish sector average of 56%, putting the group in a strong starting position for compliance with future requirements."

Steven Henderson, Chief Executive of Wheatley Group, welcomed the findings from the annual review.

He said: "We are pleased to have successfully completed our annual review with S&P, maintaining Wheatley's strong credit rating of A+ with a stable outlook.

"Maintaining a strong financial position is essential as we invest in the quality, safety, and security of our homes.

"Although economic uncertainty presents challenges, the commitment of our staff, board members, and external partners enables us to respond effectively and continue fulfilling our mission of making homes and lives better."

For more information, contact: Stuart Darroch

Telephone: [phone]
Email: [e-mail]

 

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