ARC RATINGS TAKES VARIOUS RATING ACTIONS ON THE RATINGS ACCORDED TO THE A TO F TRANCHES OF THE CREDIT PROTECTION DEED PROVIDED BY RED 2 FINANCE CLO 2018-1 DAC

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London, 27 August 2021 – ARC Ratings (UK) Limited (ARC) affirms the final, long-term public rating of ‘AAA(sf)’ accorded to Tranche A and ‘BB-(sf)’ accorded to Tranche F and concurrently upgrades the final, long-term public rating accorded to Tranche B, to ‘AAA(sf)’ from ‘AA(sf)’, Tranche C, to ‘AA(sf)’ from ‘A+(sf)’, Tranche D, to ‘A(sf)’ from ‘BBB(sf)’, and to Tranche E, to ‘BBB(sf)’ from ‘BB+(sf)’; all with stable outlook. The rated Tranches are of the Credit Protection Deed provided by Red 2 Finance CLO 2018-1 DAC to Santander UK PLC (‘Santander’).

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RED 2 FINANCE CLO 2018-1 DAC: Press release

27 Aug 2021

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