...- Following our review of Shawbrook Mortgage Funding 2022-1 PLC, we raised our rating on the class E-Dfrd notes. We affirmed our ratings on all other classes of notes. - Credit performance has shown mild deterioration 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. 17, 2025--S&P Global Ratings today raised to 'A+ (sf)' from 'A- (sf)' its credit rating on Shawbrook Mortgage Funding 2022-1 PLC's class E-Dfrd notes. We also affirmed our '### (sf)', '##+ (sf)', '## (sf)', '##- (sf)', and 'B- (sf)' ratings on the class A, B-Dfrd, C-Dfrd, D-Dfrd, and F-Dfrd notes, respectively. The rating actions address our full analysis of the most recent transaction information we have received and the transaction's structural features. Total arrears have risen to 2.2% but have been consistently below...
