Our ratings

What you can find on this page:

Credit rating

Paradigm retains A+ credit rating with a stable outlook.

“We are pleased that S&P have reaffirmed our A+ stable rating.  Our strong operating and financial performance is supported by very strong liquidity, governance and management,” says Nicola Ewen, Executive Director of Finance. “Our interest cover has also improved as a result of our refinancing exercise last year.  We are also pleased that our inherent rating does not now require an uplift to reflect the government support afforded to our sector.”

This assessment notes that Paradigm’s conservative and consistent strategy and experienced management will continue to deliver strong operating and financial performance.  This indicates Paradigm’s significant underlying credit strength, in addition to the extent to which the government policy and regulatory framework for Registered Providers provides assurance to lenders to the sector.

The strategic delivery, management strength, and operational efficiency of Paradigm’s approach have enabled us to put in place funding which will enable us to deliver our commitments to building new affordable homes, and to bring forward our timetable for bringing our existing homes to EPC level C.

The same A+ rating was confirmed for the £350m bond rating by Paradigm Charitable HA Ltd.

Click here to see the latest rating assessment.

Regulatory ratings

The Regulator of Social Housing has awarded Paradigm the highest grading available for governance, G1, which means we meet governance requirements.

We also have the highest grading available for viability, V1, which means we meet viability requirements and have the financial capacity to deal with a wide range of adverse scenarios.

These regulatory ratings were last updated in October 2021. Please click here to view the latest judgement.