The latest credit opinion from Moody’s affirms the A2 long-term issuer rating of Jigsaw Homes Group Limited and stable outlook, reflecting the group’s adequate gearing and sound financial management.
Jigsaw expects its operating margin to continue its recovery to around 25% by fiscal 2028, supported by rental income growth.
Jigsaw’s development programme includes 3,143 units between fiscal 2026 and 2030. Of these, 82% are for social or affordable rent and 18% for shared ownership. The Group expects grant funding to cover a reasonable proportion of its development costs, a credit positive as it limits debt funding.
Moody’s credit opinion 16 February 2026 – Jigsaw Homes Group Limited >>
