Moody’s Credit Opinion

bLEND Funding, established in 2018 by The Housing Finance Corporation Limited, is a housing aggregator whose purpose is to provide bond market access to suitable housing associations which typically do not have the capacity or requirement to issue benchmark-size bonds.

bLEND exhibits a supportive institutional framework, liquidity reserves as a structural enhancement, and significant sector experience to mitigate start-up risk.

Moody’s has affirmed the rating and outlook for bLEND Funding plc (bLEND), a fully-owned subsidiary of The Housing Finance Corporation (THFC), as A2 stable on 20 August 2024.