A housing association in North Wales has been given an 'A' credit rating from S&P Global Ratings.
The report highlighted ClwydAlyn Housing's strong financial position, with an estimated £129million in available funds, including cash, investments, and unused credit facilities.
This is set to comfortably cover the £74million in capital expenditure and debt payments.
Cris McGuinness, chair of the board at ClwydAlyn, said: "We’re delighted to share that ClwydAlyn remains in great financial shape.
"This means we can continue to invest in future projects and maintain quality homes in North Wales."
The financial strength is said to support ClwydAlyn’s mission to tackle poverty, with the association ready to move forward with its plans to build and renovate homes across North Wales.
Since 2018, ClwydAlyn has delivered 730 homes, with plans to add 1,000 more by 2027/28.
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