SAGE AR Funding 2021 PLC: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  15-Nov-21	Class A	AAA (sf)	Stb	Provis.-Final	UK E
  15-Nov-21	Class B	AA (low) (sf)	Stb	Provis.-Final	UK E
  15-Nov-21	Class C	A (low) (sf)	Stb	Provis.-Final	UK E
  15-Nov-21	Class D	BBB (sf)	Stb	Provis.-Final	UK E
  15-Nov-21	Class E	BB (high) (sf)	Stb	Provis.-Final	UK E

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