Preliminary Ratings Class Preliminary rating Preliminary amount (mil. A$) Minimum credit support* (%) Credit support provided by subordination (%) A AAA (sf) 380.0 22.8 24.0 B AA (sf) 30.0 18.0 18.0 C A (sf) 23.5 13.3 13.3 D BBB (sf) 22.5 8.8 8.8 E BB (sf) 9.0 7.0 7.0 F B (sf) 6.5 5.7 5.7 G NR 28.5 N/A N/A Note: This presale report is based on information as of Nov. 4, 2026. The rating shown is preliminary. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. Accordingly, the preliminary rating should not be construed as evidence of a final rating. This report does not constitute a recommendation to buy, hold, or
