Moody's lifts Jigsaw Homes to positive

Moody's Investors Service said it affirmed the A3 issuer rating on Jigsaw Homes Group Ltd. and revised its outlook to positive from stable.

The outlook revision reflects a view that Jigsaw's financial management has improved post-merger with improved business planning and stress testing, Moody's explained.

The company went through a partial consolidation of its group structure and continues to have a low risk appetite, the agency noted.

Its liquidity coverage also has improved, Moody's said.

Jigsaw is a newly merged entity formed out of Adactus Housing Group and New Charter Housing, the agency said.

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