Temese Funding 2 PLC's Class A Notes Rating Affirmed

We affirmed our 'AAA (sf)' credit rating on Temese Funding 2 PLC's class A notes. The transaction is backed by a portfolio of U.K. receivables from equipment leasing and hire purchase contracts that Investec Asset Finance either originated or acquired through its broker network. LONDON (S&P Global Ratings) May 19, 2021--S&P Global Ratings today affirmed its 'AAA (sf)' credit rating on Temese Funding 2 PLC's (Temese 2) class A notes. Following our review of the transaction, we also published a transaction update (see "Transaction Update: Temese Funding 2 PLC," published May 19, 2021). As part of the most recent restructuring, Temese 2's revolving period has been increased to March 2025. Certain changes have also been made to the eligibility criteria

...- We affirmed our '### (sf)' credit rating on Temese Funding 2 PLC's class A notes. - The transaction is backed by a portfolio of U.K. receivables from equipment leasing and hire purchase contracts that Investec Asset Finance either originated or acquired through its broker network. LONDON (S&P Global Ratings) May 19, 2021--S&P Global Ratings today affirmed its '### (sf)' credit rating on Temese Funding 2 PLC's (Temese 2) class A notes. Following our review of the transaction, we also published a transaction update (see "Transaction Update: Temese Funding 2 PLC," published May 19, 2021). As part of the most recent restructuring, Temese 2's revolving period has been increased to March 2025. Certain changes have also been made to the eligibility criteria and interim amortization events. The back-up servicer and standby cash bond administrator have also been changed to Investec Bank PlC and HSBC Bank PlC, respectively. The unrated subordinated notes' issuance amount remains unchanged at ú130...

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