We’re proud to announce that S&P Global Ratings has affirmed its ‘A+’ long-term issuer credit rating to Futures with a stable outlook.
The rating has remained unchanged since the last publication in 2021, which is a great achievement coming at a time of global economic turbulence. S&P state Futures has a very strong liquidity position based on our high cash levels, substantial amount of undrawn bank lines and satisfactory access to capital markets.
We have over 10,300 properties across the East Midlands and that number is continually rising as we aim to build more homes for our customers across the region. Our vision is to deliver great places, great services and great tomorrows and this affirmed rating clearly signals we have the strength and ability to achieve this.
S&P also recognised that we follow robust financial policies, such as prefunding our development, resulting in robust cash reserves and solid interest cover, while keeping a conservative approach toward market activities.
Mike Stevenson, Group Chair at Futures said: “We’re so pleased to be affirmed this ‘A+’ rating, especially given the current financial circumstances which are affecting markets globally. It shows we’re in a very strong position and I believe is a fantastic reassurance to our many partners and stakeholders.
“While we have ambitious goals at Futures, ratings like this prove our ambitions are achievable and that we have the means to make our plans into a reality.”
Full S&P Global Ratings A+ report
Full S&P Global Ratings A+ reportSize: 0kb