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S&P affirms UK's Housing Finance, removes from under criteria observation

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S&P affirms UK's Housing Finance, removes from under criteria observation

S&P Global Ratings on Sept. 7 affirmed the A/A-1 long- and short-term issuer credit ratings of U.K.-based The Housing Finance Corp. Ltd., with a stable outlook.

The rating agency removed the ratings from under criteria observation, where they had been since May 22.

S&P said the A rating factors in its view of the company's "very strong financial profile" and adequate business profile.

The stable outlook reflects S&P's view of the funding company's strong risk management policies and credit process and the expectation that it will continue fulfilling its public policy mandate even in case of increased competition.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings document referred to in this news brief can be found in the sources section.