No rating action has been taken on the notes issued by Muzinich Luxembourg Funding Sarl - Compartment Pan III 1K, an up to EUR 30m securitisation of a Luxembourg corporate loans direct lending fund.

The periodic review has resulted in no rating action.

No action has been taken on the Series 2022-308 notes issued by SPIRE SA, a EUR 120.9m issuance of repackaged instalment notes of Czech collateral due 2032.

No action has been taken on Class A and Class B notes issued by Buonconsiglio 3 S.r.l. following the monitoring review.

Scope Ratings announces that the introduction of a ReoCo would not, in and of itself, result in a reduction or withdrawal of the current rating of the class A notes.

No action has been taken on Class A notes issued by Grogu SPV S.r.l. following the monitoring review.

No action has been taken on Class A notes issued by Yoda SPV S.r.l. following the monitoring review.

Scope downgrades tranches B and C and affirms tranches A, D, E and Class A of Fitzroy 2018-1 CLO DAC, a revolving synthetic securitisation of a GBP 1.12bn pool of project finance loans originated by Banco Santander S.A., London Branch.

No action has been taken on Class A and Class B notes issued by Buonconsiglio 4 S.r.l. following the monitoring review.

Scope has assigned final ratings to tranches A to D (series Colossus 2024-1) of Santander UK plc's synthetic securitisation programme.