Morningstar DBRS Discontinues Credit Rating on Wolf Receivables Financing Plc

DBRS Ratings Limited (Morningstar DBRS) discontinued its AA (sf) credit rating on the Senior Notes issued by Wolf Receivables Financing Plc.

The discontinuation reflects the full repayment of the Senior Notes on the 20 August 2024 payment date. Prior to the full repayment, the outstanding principal balance of the Senior Notes was GBP 592,484.17

The principal methodology applicable to the credit rating is Master European Structured Finance Surveillance Methodology (06 August 2024) https://dbrs.morningstar.com/research/437540

In Morningstar DBRS' opinion, a Discontinued-Repaid credit rating action does not warrant the application of the entire principal methodology.

For details on analytical and regulatory disclosures please refer to the latest credit rating action press release published for this transaction: https://dbrs.morningstar.com/research/431303

Lead Analyst: Sebastiano Romano, Vice President
Rating Committee Chair: Alfonso Candelas, Associate Managing Director
Initial Rating Date: 22 April 2022

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A description of how Morningstar DBRS analyses structured finance transactions and how the methodologies are collectively applied can be found at: https://dbrs.morningstar.com/research/278375.

For more information on this credit or on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.