Wheatley Housing Group — Scotland’s biggest social landlord — said it has completed its annual review with S&P Global, the leading credit rating agency, with no change to its rating or outlook.
Wheatley said it has retained its A+ rating with a stable outlook since 2019 “reflecting strong financial management.”
Wheatley owns or manages more than 93,400 homes across 19 local authority areas in Scotland.
The review, carried out in May 2026, covered financial performance, business plans, and Scotland’s operating and regulatory environment.
The review by S&P Global stated: “Wheatley, Scotland’s largest social landlord, continues to benefit from very strong demand for its properties, supported by the group’s low social-to-market rents.
“We view positively that the group is using its rent-setting flexibility to soften the impact of its comprehensive stock improvement program. We continue to assess the group’s liquidity position as very strong …
“We view Wheatley’s asset quality as very strong, influenced by the group’s proactive investment in the energy efficiency of its stock. Wheatley is well placed relative to the sector. About 93% of Wheatley’s housing stock is rated EPC C or above, significantly higher than the most recently published Scottish sector average of 56%, putting the group in a strong starting position for compliance with future requirements.”
Wheatley Group CEO Steven Henderson said: “We are pleased to have successfully completed our annual review with S&P, maintaining Wheatley’s strong credit rating of A+ with a stable outlook.
“Maintaining a strong financial position is essential as we invest in the quality, safety, and security of our homes.
“Although economic uncertainty presents challenges, the commitment of our staff, board members, and external partners enables us to respond effectively and continue fulfilling our mission of making homes and lives better.”
In March 2026, Wheatley announced trading results for the six months to September 30, 2025, showing turnover was £256.6 million, up from £234.5 million for the same period in the prior year.