Azure Finance No2 ratings upgraded by Moody’s

Blue is pleased to advise that Moody’s has improved its credit ratings for a number of Azure Finance No. 2 PLC’s classes of notes.
The class D and E notes have all received a rating upgrade from A2 (sf) to Aa2 (sf) and Baa3 (sf) to A2 (sf) respectively. The other class C and F notes were reaffirmed as Aa1 (sf) and Caa1 (sf).
The upgrade and affirmation of these note tranches was prompted by an increase in credit enhancement available in the transaction.
Tiku Patel, CEO of Blue Motor Finance commented:
“Blue continues to underwrite prudently, provide excellent servicing and collection operations, and to deliver great customer outcomes. We are pleased that Moody’s have upgraded several of our Azure 2 transaction’s ratings, showing continued confidence in the soundness of our business approach and portfolio performance.”
Read the full Moody’s press release here:
https://www.moodys.com/research/Moodys-upgrades-ratings-in-Azure-Finance-No2-plc–PR_480393

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