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Five large housing associations in England have had their credit ratings downgraded by ratings agency Standard & Poor’s (S&P). L&Q, Hyde, Notting Hill Genesis and Guinness all saw their ratings decreased from A+ to A as S&P highlighted increased sales risk at the associations.

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L&Q has completed a deal to buy a private land business worth around £505 million in the largest commercial acquisition by the non-profit sector. The charitable housing association, which owns 90,000 homes across London and the South East, has acquired Gallagher Estates which controls plots to

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Peabody and Family Mosaic housing associations have agreed to merge to create a new organisation with combined assets worth £6 billion. Subject to a number of consents and to the views of residents, the merged housing association, which will be named Peabody, will be responsible for 55,220 homes ac

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