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Regulatory Framework And Systemic Support Assessments For Nonprofit Social Housing Providers

(Editor's Note: This commentary consolidates the content of "Sector And Industry Variables: Regulatory Framework And Systemic Support Assessments For Nonprofit Social Housing Providers," published Sept. 7, 2023, which was archived.)

This report does not constitute a rating action.

This report provides additional information on the regulatory framework and systemic support assessments S&P Global Ratings derives from the application of the criteria "Methodology For Rating Public And Nonprofit Social Housing Providers," June 1, 2021. This commentary is intended to be read in conjunction with those criteria.

Regulatory Framework And Systemic Support

When we rate public and nonprofit social housing providers, the regulatory framework and systemic support is a factor in our enterprise risk analysis (see paragraph 30 in the social housing criteria). Our four-part assessment reflects our views of the provider's 1) public policy mandate, 2) regulatory mechanisms, 3) systemic support/negative intervention, and 4) fiscal framework (see paragraph 30 and table 4 in the social housing criteria).

We consider all four components to be equally important, and our regulatory framework and systemic support assessment is typically their rounded average. For each factor, we choose between two assessments, depending on the extent to which a specific framework meets each one's described characteristics (see paragraph 34 in the social housing criteria).

Regulatory Framework And Systemic Support Assessments

We don't currently have any regulatory framework assessments that fall into Groups 4, 5, or 6.

Group 1: Extremely strong
Group 2: Very strong
Group 3: Strong

Related Criteria

Methodology For Rating Public And Nonprofit Social Housing Providers, June 1, 2021

Analytical Contacts:Felix Ejgel, London + 44 20 7176 6780;
felix.ejgel@spglobal.com
Nora G Wittstruck, New York + (212) 438-8589;
nora.wittstruck@spglobal.com
Abril A Canizares, London + 44 20 7176 0161;
abril.canizares@spglobal.com
Dennis Nilsson, Stockholm + 46 84 40 5354;
dennis.nilsson@spglobal.com
Ki Beom K Park, San Francisco + 1 (212) 438 8493;
kib.park@spglobal.com
Methodology Contact:Valerie Montmaur, Paris + 33144207375;
valerie.montmaur@spglobal.com

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