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 HAs 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 updated the outlook for bLEND Funding plc (bLEND), a fully-owned subsidiary of The Housing Finance Corporation (THFC), to stable from negative and affirmed the rating at A2 on 20 October 2023.
This rating action follows Moody’s rating action taken on the Government of the United Kingdom (UK, Aa3 Stable)’s sovereign bond rating on 20 October 2023. The outlook on the UK’s rating was changed to stable from negative and the ratings were affirmed.