PFP 2019-5, Ltd.: Surveillance Performance Update

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
  23-Mar-22	Class A-S	AAA (sf)	Stb	Confirmed	US
  23-Mar-22	Class B	AA (high) (sf)	Stb	Upgraded	US
  23-Mar-22	Class C	A (high) (sf)	Stb	Upgraded	US
  23-Mar-22	Class D	A (low) (sf)	Stb	Upgraded	US
  23-Mar-22	Class E	BBB (high) (sf)	Stb	Upgraded	US
  23-Mar-22	Class F	BB (high) (sf)	Stb	Upgraded	US
  23-Mar-22	Class G	B (high) (sf)	Stb	Upgraded	US
  23-Mar-22	Class A	Discontinued	--	Disc.-Repaid	US

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