ARC Ratings, S.A. (ARC) has accorded a final, long-term public rating of ‘A(sf)’ to the senior tranche to be issued, and a long-term public rating of ‘BBB-(sf)’ to the mezzanine tranche to be issued by the Barings EURO CLO 2017-2 B.V. Limited, both with Stable outlooks. The methodology used is ARC’s Global Structured Finance Rating Criteria (updated September 2017) and ARC’s Collateralised Loan Obligation (CLO) Rating Criteria (updated February 2017). These methodologies are available from www.arcratings.com.