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      WEDNESDAY, 02/04/2025 - Scope Ratings UK Ltd
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      Rated tranches A, B, C and D and class A issued by Fitzroy 2018-1 CLO paid in full

      Rated tranches A, B, C and D and class A have been fully redeemed. The rating on tranche E is being withdrawn for business reasons.

      Class A (CLN) (ISIN: XS1883988476): paid in full

      Tranche A (CPD): paid in full

      Tranche B (CPD): paid in full

      Tranche C (CPD): paid in full

      Tranche D (CPD): paid in full

      Tranche E (CPD), GBP 19.4m outstanding: withdrawn from BBSF

      The ratings of Tranche A, B, C and D and Class A are withdrawn because of the instruments’ full repayment.

      The rating of Tranche E is being withdrawn for business reasons.

      The transaction has been performing in line with Scope’s expectations since the previous periodic review. The rating action considers available portfolio and notes’ information up to March 2025.

      This monitoring note is issued by Scope Ratings UK Limited at 52 Grosvenor Gardens, London, SW1W 0AU, +44 207 8245180
      Lead analyst: Mirac Ugur, Senior Analyst

      © 2025 Scope SE & Co. KGaA and all its subsidiaries including Scope Ratings GmbH, Scope Ratings UK Limited, Scope Fund Analysis GmbH, Scope Innovation Lab GmbH and Scope ESG Analysis GmbH (collectively, Scope). All rights reserved. The information and data supporting Scope’s ratings, rating reports, rating opinions and related research and credit opinions originate from sources Scope considers to be reliable and accurate. Scope does not, however, independently verify the reliability and accuracy of the information and data. Scope’s ratings, rating reports, rating opinions, or related research and credit opinions are provided ‘as is’ without any representation or warranty of any kind. In no circumstance shall Scope or its directors, officers, employees and other representatives be liable to any party for any direct, indirect, incidental or other damages, expenses of any kind, or losses arising from any use of Scope’s ratings, rating reports, rating opinions, related research or credit opinions. Ratings and other related credit opinions issued by Scope are, and have to be viewed by any party as, opinions on relative credit risk and not a statement of fact or recommendation to purchase, hold or sell securities. Past performance does not necessarily predict future results. Any report issued by Scope is not a prospectus or similar document related to a debt security or issuing entity. Scope issues credit ratings and related research and opinions with the understanding and expectation that parties using them will assess independently the suitability of each security for investment or transaction purposes. Scope’s credit ratings address relative credit risk, they do not address other risks such as market, liquidity, legal, or volatility. The information and data included herein is protected by copyright and other laws. To reproduce, transmit, transfer, disseminate, translate, resell, or store for subsequent use for any such purpose the information and data contained herein, contact Scope Ratings GmbH at Lennéstraße 5, D-10785 Berlin. Public Ratings are generally accessible to the public. Subscription Ratings and Private Ratings are confidential and may not be shared with any unauthorised third party.  

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