ARC Ratings, S.A. (ARC Ratings) has accorded a final, long-term public rating of ‘BBB+’ to the Series 2016-4 Secured Notes issued by Escher Marwick PLC, with stable outlook. The methodology used is ARC’s Global Structured Finance Rating Criteria (published September 2016) and ARC’s Global Structurally Enhanced Corporate Bonds Rating Criteria. These methodologies are available from www.arcratings.com.