Credit Rating Report

PCL Funding III PLC: Rating Report

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Summary

DBRS, Inc. (DBRS) finalized its provisional ratings on the Series 2017-2 Notes (the Notes) issued by PCL Funding III PLC (the Issuer) as follows:

-- GBP 255,000,000 Series 2017-2 Class A Notes rated AAA (sf)
-- GBP 17,250,000 Series 2017-2 Class B Notes rated A (high) (sf)
-- GBP 11,250,000 Series 2017-2 Class C Notes rated BBB (high) (sf)

Ratings

PCL Funding III PLC
  • Date Issued:Nov 16, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Nov 16, 2017
  • Rating Action:Provis.-Final
  • Ratings:A (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Nov 16, 2017
  • Rating Action:Provis.-Final
  • Ratings:BBB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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