Moody's downgrades the ratings for L&Q Group to A2, negative; withdraws rating on East Thames Limited
London, 21 December 2016-- Moody's Public Sector Europe has today downgraded the long-term issuer rating of L&Q Group and the long-term senior secured ratings of London& Quadrant Housing Trust to A2 from A1 and assigned a negative outlook, following the merger with East Thames Limited. At the same time, MPSE has withdrawn the A3 long-term issuer rating of East Thames and upgraded the long-term senior secured rating of East Finance Plc to A2 from A3 and assigned a negative outlook.
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