No impact on the rating of bonds issued by Business Mortgage Finance 4, 5, 6 and 7 following the changes relating to the replacement of LIBOR
Valuation Announcement: Moody’s: No impact on the rating of ratings issued by Business Mortgage Finance 4, 5, 6 and 7 following changes relating to the replacement of LIBORGlobal Credit Research – August 17, 2022London, August 17, 2022 — Moody’s Investors Service (“Moody’s”) today announced that the changes made by Business Mortgage Finance 4 PLC, Business Mortgage Finance 5 PLC, Business Mortgage Finance 6 PLC and Business Mortgage Finance 7 PLC (the Issuers) would not, in and of themselves, result in themselves and from that time into a reduction, an investment under review for possible downgrading or withdrawal of Moody’s current ratings on the notes issued by the issuers. ‘ The LIBOR that currently applies to credit facilities, transaction swap agreements and GBP-denominated notes issued by Business Mortgage Finance 4, 5, 6 and 7 will be replaced by the St erling Overnight Index Average (SONIA). The main methodology used to reach this conclusion and in monitoring the ratings of the Notes issued by the Issuers is “Moody’s Global Approach to Rating SME Balance Sheet Securitizations” published in July 2022 and available at https://ratings.moodys.com/ api/rmc-documents/390479. Please see the Rating Methodologies page subdirectory under the Research & Ratings tab at https://ratings.moodys.com for a copy of this methodology. Moody’s opinion addresses only the credit impact associated with the Proposed Amendments, and Moody’s does not express any opinion as to whether the Proposed Amendments have, or might have, other non-credit related effects that could have a detrimental impact on the interests of rated bondholders and/or counterparties. This publication does not announce any credit rating action. any credit rating referenced in this publication, please see the issuer/transaction page at https://ratings.moodys.com for the most up-to-date information on credit rating actions and rating history. Julie Ng Vice President – Senior Analyst Structured Finance Group Moody’s Investors Service Ltd. One Canada Square Canary Wharf London, E14 5FA United Kingdom JOURNALISTS: 44 20 7772 5456 Customer Service: 44 20 7772 5454 Raja Iyer Vice President – Senior Analyst Group Structured Finance JOURNALISTS: 44 20 7772 5456 Customer Service: 44 20 7772 5454 Office Release: Moody’s Investors Service Ltd. Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. 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