Social Housing Provider and Association Scorecard (SHPA)
Social Housing Credit Risk
Social housing providers are expected to capitalize on record-low interest rates and obtain external financing. Monitoring credit quality with S&P Global Market Intelligence’s Social Housing Provider and Association Scorecard offers a valuable framework for assessing credit risk and default likelihood.
Key Features
Consolidated PD Scoring for Social Housing Providers and Associations
An effective framework that focuses on the key factors most predictive of default risk
Methodological Transparency
Annual validation and full technical documentation describes the analytical/statistical processes and data used in the Scorecard’s construction, helping to enhance the consistency and transparency of internal rating systems.
Ability to Factor in External Support
Given the primary mission of social housing providers, it is important to account for support in the overall assessment, for example government or group support.
How it Works
SHPA Scorecard Structure
The Scorecard provides a granular and transparent framework for assessing credit risk, using measures that can affect the likelihood of default. It includes 7 factors to derive the Stand-alone Credit Profile (SACP) for social housing providers and associations.
The factors are divided between the enterprise profile and financial profile.
Closely Monitor the Credit Quality of Social Housing Providers and Associations
Global PD Scoring
Consolidated PD scoring for social housing providers and associations globally, featuring an effective framework focused on key factors most predictive of default risk.
Transparency
Methodological transparency and annual validation reveal the Scorecard’s framework and granular scoring criteria, with full technical documentation.
External Support Considerations
Ability to factor in external support, such as government or group assistance, to fine-tune the final assessment, ensuring the primary mission of these organizations is accurately considered.
Social Housing Insights
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S&P Global Market Intelligence’s Social Housing Provider and Association Scorecard is a valuable tool for assessing credit risk. The scorecard uses metrics that can affect the likelihood of default to provide a framework for evaluating risk.