31 August 21

Fitch Assigns Triple Point Social Housing REIT 1st-Time IDR 'A-'/Stable; Secured Debt 'A'

Fitch Ratings - London - 27 Aug 2021: Fitch Ratings has assigned Triple Point Social Housing REIT plc (TriplePoint) a first-time Long-Term Issuer Default Rating (IDR) of 'A-' with a Stable Outlook. It has also assigned TriplePoint's recently-issued secured two-tranche (10- and 15-year) private placement, totalling GBP195 million, a 'A' senior secured rating.

The ratings reflect the predominantly equity-funded UK property portfolio of specialised supported housing (SSH) for special-needs tenants who have long-term, longer-living needs for care and housing, and whose rent is indirectly paid by the central government in the form of housing benefit.

Find out more in the original article published by Fitch Ratings