London Cards No. 1 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
  20-Jun-23	Class A Loan Note	AAA (sf)	--	Provis.-Final	UK E
  20-Jun-23	Class B Notes	AA (sf)	--	Provis.-Final	UK E
  20-Jun-23	Class C Notes	A (low) (sf)	--	Provis.-Final	UK E
  20-Jun-23	Class D Notes	BBB (low) (sf)	--	Provis.-Final	UK E
  20-Jun-23	Class X Notes	BB (high) (sf)	--	Provis.-Final	UK E
  20-Jun-23	Class E Notes	B (low) (sf)	--	Provis.-Final	UK E
  20-Jun-23	Class F Notes	CCC (sf)	--	Provis.-Final	UK E

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