...- St. James's Oncology Financing PLC's (SJO or ProjectCo) progress related to construction defects remains satisfactory. Liquidity is sufficient to cover the costs of defect remediation over the next two years, with no adverse impact on ProjectCo's debt service coverage ratios (DSCRs). - The relationship between project parties continues to be strong and collaborative. ProjectCo has a good delivery of hard facilities maintenance (FM) services, evidenced by a level of deductions and service failure below contractual thresholds. In line with expectations, lifecycle delivery by subcontractors remains satisfactory. - We therefore affirmed our '###' S&P Underlying Rating (SPUR) on the senior secured debt. We also affirmed our issue credit rating of '##', which reflects our ratings on the bond guarantors--Assured Guaranty UK Ltd. (AGUK) and Assured Guaranty Municipal Corp. (AGM), together known as Assured Guaranty. - The stable outlook on the SPUR reflects our view that ProjectCo will maintain...
