...- Following our review of Shawbrook Mortgage Funding 2022-1 PLC, we raised our ratings on the class D-Dfrd, E-Dfrd, and F-Dfrd notes. We affirmed our ratings on all other classes of notes. - Credit performance has been strong, exhibited by low arrears while the transaction has deleveraged. - Shawbrook Mortgage Funding 2022-1 PLC is backed by a mortgage pool of buy-to-let residential mortgage loans originated by Shawbrook Bank PLC located in England, Wales, and Scotland. LONDON (S&P Global Ratings) Feb. 13, 2024--S&P Global Ratings today raised to '##- (sf)' from 'A+ (sf)', 'A- (sf)' from ' ###+ (sf)', and 'B- (sf)' from '### (sf)' its credit ratings on Shawbrook Mortgage Funding 2022-1's class D-Dfrd, E-Dfrd, and F-Dfrd notes, respectively. We also affirmed our '### (sf)' rating on the class A notes, '##+ (sf)' rating on the class B-Dfrd notes, and '## (sf)' rating on the class C-Dfrd notes. The rating actions address our full analysis of the most recent transaction information we have...
