Moody's

A Treasury rate rise which led to fears that major housing and infrastructure projects could be delayed has been labelled by Moody’s as “credit negative” for local authorities as it will increase the cost of capital on new borrowing in the short term.

Housing associations in the UK made record operating profits in 2017, despite the introduction of a 1 per cent annual social housing rent cut in England until 2020, according to Moody’s Public Sector Europe.