Presale: Thames 2026-1 S.a r.l. - S&P Global Ratings’ Credit Research

Presale: Thames 2026-1 S.a r.l.

Presale: Thames 2026-1 S.a r.l. - S&P Global Ratings’ Credit Research
Presale: Thames 2026-1 S.a r.l.
Published Nov 06, 2026
Published Nov 06, 2026
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Transaction profile Issuer Thames 2026-1 S.a r.l. Collateral type Consumer credit receivables Domicile of assets U.K. Reserve funds 1.1% of class A to D-Dfrd notes with floor of £500,000. Originator and Servicer PayPal UK Ltd. Dependent counterparty Deutsche Bank AG, London branch as issuer account bank and receivables trustee account bank. Ratings Class Prelim. rating* Prelim. size (%) Available credit enhancement (%)§ Interest prior to the step-up date (%) Interest following the step-up date (%)† Scheduled redemption date‡ Legal final maturity A AAA (sf) 79.45 20.55 Compounded daily SONIA + a margin Compounded daily SONIA + step-up margin Nov, 15, 2029 Nov. 15, 2035 B-Dfrd AA (sf) 6.55 14.00 Compounded daily SONIA + a margin Compounded daily SONIA + step-up

  
Report Type:

Presale Report

Issuer
The Metropolitan Government of Nashville and Davidson County
Sector
Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Presale: Thames 2026-1 S.a r.l." Nov 06, 2026. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Presale-Thames-2026-1-S-a-r-l-3655939>
  
APA:
S&P Global Ratings’ Credit Research. (). Presale: Thames 2026-1 S.a r.l. Nov 06, 2026. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Presale-Thames-2026-1-S-a-r-l-3655939>
  
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