Rating Affirmed In U.K. ABS Leasing Transaction Temese Funding 2's Class A Notes Following Restructure

OVERVIEW We have affirmed our 'AAA (sf)' rating on Temese Funding 2's class A notes following the restructuring of the transaction. The restructuring included increasing the note issuance amounts of the class A notes and unrated class B and C notes, and the extension of the replenishment period. Temese Funding 2 securitizes a revolving portfolio of U.K. receivables from equipment leasing and hire purchase contracts that Investec Asset Finance (85%) or CF Corporate Finance (15%) either originated or acquired through its broker network. LONDON (S&P Global Ratings) May 19, 2017--S&P Global Ratings has affirmed its 'AAA (sf)' credit rating on Temese Funding 2 PLC's class A asset-backed fixed-rate notes following the transaction's May 18, 2017 restructure. As part of the

...OVERVIEW + We have affirmed our '### (sf)' rating on Temese Funding 2's class A notes following the restructuring of the transaction. + The restructuring included increasing the note issuance amounts of the class A notes and unrated class B and C notes, and the extension of the replenishment period. + Temese Funding 2 securitizes a revolving portfolio of U.K. receivables from equipment leasing and hire purchase contracts that Investec Asset Finance (85%) or CF Corporate Finance (15%) either originated or acquired through its broker network. LONDON (S&P Global Ratings) May 19, 2017--S&P Global Ratings has affirmed its '### (sf)' credit rating on Temese Funding 2 PLC's class A asset-backed fixed-rate notes following the transaction's May 18, 2017 restructure. As part of the restructuring, the note issuance amounts of the class A notes and unrated class B and C notes were increased (see list below). Temese Funding 2 is an existing U.K. equipment lease transaction, with underlying lease receivables...

Ratings Action