PCL Funding V PLC: Rating Report
DBRS Ratings Limited (DBRS Morningstar) finalised its provisional ratings on the Series 2021-1 Notes (the Notes) issued by PCL Funding V PLC (the Issuer or PCL V):-- GBP 265,500,000 Series 2021-1, Class A Notes rated AAA (sf)
-- GBP 18,000,000 Series 2021-1, Class B Notes rated A (high) (sf)
-- GBP 9,000,000 Series 2021-1, Class C Notes rated BBB (high) (sf)
DBRS Morningstar does not rate the Series 2021-1, Class D Notes also issued in this transaction.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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