News

Moody’s assigns A2 rating to Jigsaw Funding plc, outlook stable.

Moody’s assigns A2 rating to Jigsaw Funding plc, outlook stable.

Moody’s Investors Service (“Moody’s”) has today assigned an A2 senior secured debt rating to Jigsaw Funding plc, as well as a stable outlook. Moody’s has also affirmed Jigsaw Homes Group Limited’s A2 long-term issuer rating and a3 Baseline Credit Assessment (BCA), and maintained the stable outlook.

The A2 senior secured debt rating assigned to Jigsaw Funding plc reflects Jigsaw’s A2 issuer rating, affirmed due to its strong financial performance, robust financial management and governance.  Jigsaw has delivered consistently strong financial performance since its merger in April 2018.

The affirmation of Jigsaw’s issuer rating also reflects the group’s development programme which aims to build 800 units per year, as well as its retrofitting works. The Group aims to improve its energy efficiency with all homes reaching Energy Performance Certificate Level C by 2030 and becoming net-zero carbon by 2050.