S&P Global Ratings has confirmed Bromford Housing Group’s ‘A+’ long-term issuer credit rating and said its outlook is stable. Bromford has also retained its A2 rating with Moody’s.

The ratings agency highlighted the Gloucestershire-based housing association’s “solid management expertise”, “prudent cost planning and financial headroom” and “very strong liquidity”, as key factors in its review on 22 July.

S&P’s report noted that there is strong demand for Bromford’s affordable properties, with rent estimated to be just over 55% of the average market rent.