S&P rates Swan Housing AA-

Standard & Poor’s said it assigned an AA- long-term credit rating to Swan Housing Association Ltd.

The outlook is stable.

The AA- rating on Swan is based on its stand-alone credit profile of A+, S&P said, and the moderately high likelihood that the U.K. government would provide timely and sufficient extraordinary support in the event of financial distress.

Swan plays an important role for the U.K. government and its public policy mandate, the agency said, and has strong links with the government.

Swan’s very strong enterprise profile is a rating strength, S&P added, along with its strong financial profile.

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