London, 25 November 2016 -- Moody's Public Sector Europe ("MPSE") has today placed the Aa3 long-term issuer rating of Affinity Sutton Group Ltd (ASG) and the long-term senior secured ratings of Affinity Sutton Capital Markets plc under review for downgrade in anticipation of the planned merger with Circle Housing Group (CIR), which is expected to be completed in December 2016. The merger has been approved by the boards of both companies and is subject to final approval by the regulator, the Homes and Communities Agency (HCA), and the Financial Conduct Authority (FCA). The two housing associations will be merged into a new entity, Clarion Housing Group.

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