Announcement: Moody’s ABCP exercise ending 2 September 2022Global Credit score Analysis – 06 Sep 2022New York, September 06, 2022 — RATINGS ACTIVITY ON US ABCP PROGRAMS THROUGH 2 SEPTEMBER 2022:Moody’s introduced immediately that the additions and amendments to the applications described beneath wouldn’t in and of themselves as of the date indicated beneath, lead to, because the case could also be, a discount, placement on assessment for potential downgrade or withdrawal of Moody’s present score of the applications’ notes described beneath.LEGACY CAPITAL COMPANY, LLC REPLACES IPAMoody’s issued a RAC letter on 17 August 2022Legacy Capital Firm, LLC (Legacy), a completely supported multi-seller ABCP program sponsored by Liberty Hampshire Firm, LLC and administered by Guggenheim Treasury Providers, LLC has amended its program paperwork. The Financial institution of New York Mellon has changed Deutsche Financial institution Belief Firm of Americas because the issuing and paying agent. This system stays totally supported by means of liquidity offered by varied Prime-1 help suppliers.As of August 31, 2022, Legacy had roughly $5.75 billion in excellent ABCP.BUNGE ASSET FUNDING REPLACES ITS DEPOSITARYMoody’s issued a RAC letter on 26 August 2022Bunge Asset Funding Corp. (Bunge), a completely supported single-seller ABCP program sponsored by Bunge Restricted and administered by JPMorgan Chase Financial institution, N.A. has amended its program paperwork. US Financial institution Belief Firm, N.A. has changed Financial institution of America, N.A. because the depositary. This system stays totally supported by means of liquidity offered by varied Prime-1 help suppliers.Bunge can concern as much as $600 million of ABCP.CONCORD MINUTEMEN SERIES A ADDS A NEW SWAP FACILITYMoody’s issued a RAC letter on 30 August 2022Concord Minutemen Capital Firm, LLC Collection A (Harmony Minutemen Collection A), a completely supported ABCP program sponsored by The Liberty Hampshire Firm, LLC and managed by Guggenheim Treasury Providers, LLC has added a brand new swap facility to its portfolio. A Prime-1-rated monetary establishment supplies full liquidity help and is required to pay quantities beneath the swap on any day wanted to repay ABCP. The dedication beneath the swap settlement is ample to pay the face quantity of business paper related to such swap.Harmony Minutemen Collection A has roughly $3.3 billion in excellent ABCP.CONCORD MINUTEMEN SERIES B ADDS A NEW LOAN FACILITYMoody’s issued a RAC letter on 30 August 2022Concord Minutemen Capital Firm, LLC Collection B, a completely supported ABCP program sponsored by The Liberty Hampshire Firm, LLC and managed by Guggenheim Treasury Providers, LLC has added a brand new mortgage facility to its portfolio. A Prime-1-rated monetary establishment supplies full liquidity help and is required to pay quantities beneath the mortgage on any day wanted to repay ABCP. The dedication beneath the mortgage settlement is ample to pay the face quantity of business paper related to such mortgage.As of August 31, 2022, Harmony Minutemen Collection B had roughly $500 million in excellent ABCP.Moody’s opinions deal with solely the credit score influence related to the additions and amendments to the applications described above, and Moody’s shouldn’t be expressing any opinion as as to if the additions or amendments have, or might have, different non-credit associated results which will have a detrimental influence on the curiosity of noteholders of the rated obligations and/or counterparties.Moody’s score actions by means of 2 September 2022MOODY’S ASSIGNS A PRIME-1 (sf) RATING TO CLASS B CERTIFICATES ISSUED BY GIFLS CAPITAL COMPANY, LLCFor additional particulars, please see Moody’s press launch dated 1 September 2022https://www.moodys.com/analysis/Moodys-assigns-a-Prime-1-sf-rating-to-Class-B–PR_468884The principal methodology utilized in reaching these conclusions and in monitoring the scores of the notes issued by this system is “Moody’s Method to Score Asset-Backed Industrial Paper” printed in Might 2022. Alternatively, please see the Score Methodologies web page on https://scores.moodys.com for a duplicate of this technique.ABCP RESEARCH THAT WE PUBLISHWe monitor and analyze ABCP applications that we charge on an ongoing foundation. An in depth description of every program is printed within the ABCP Program Evaluate with respect to such program. All ABCP publications can be found on the ABCP web page on moodys.com.This publication doesn’t announce a credit standing motion. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on https://scores.moodys.com for essentially the most up to date credit standing motion data and score historical past.This publication doesn’t announce a credit standing motion.For any credit score scores referenced on this publication, please see the issuer/deal web page on https://scores.moodys.comfor essentially the most up to date credit standing motion data and score historical past. Peter Li Asst Vice President – Analyst Structured Finance Group Moody’s Buyers Service, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Consumer Service: 1 212 553 1653 Lisa Singman VP – Sr Credit score Officer/Supervisor Structured Finance Group JOURNALISTS: 1 212 553 0376 Consumer Service: 1 212 553 1653 Releasing Workplace: Moody’s Buyers Service, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Consumer Service: 1 212 553 1653 © 2022 Moody’s Company, Moody’s Buyers Service, Inc., Moody’s Analytics, Inc. and/or their licensors and associates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.All data contained herein is obtained by MOODY’S from sources believed by it to be correct and dependable. Due to the potential of human or mechanical error in addition to different components, nonetheless, all data contained herein is offered “AS IS” with out guarantee of any type. MOODY’S adopts all needed measures in order that the knowledge it makes use of in assigning a credit standing is of ample high quality and from sources MOODY’S considers to be dependable together with, when acceptable, impartial third-party sources. Nonetheless, MOODY’S shouldn’t be an auditor and can’t in each occasion independently confirm or validate data obtained within the score course of or in getting ready its Publications.To the extent permitted by legislation, MOODY’S and its administrators, officers, workers, brokers, representatives, licensors and suppliers disclaim legal responsibility to any individual or entity for any oblique, particular, consequential, or incidental losses or damages in anyway arising from or in reference to the knowledge contained herein or using or incapacity to make use of any such data, even when MOODY’S or any of its administrators, officers, workers, brokers, representatives, licensors or suppliers is suggested upfront of the potential of such losses or damages, together with however not restricted to: (a) any lack of current or potential income or (b) any loss or injury arising the place the related monetary instrument shouldn’t be the topic of a selected credit standing assigned by MOODY’S.To the extent permitted by legislation, MOODY’S and its administrators, officers, workers, brokers, representatives, licensors and suppliers disclaim legal responsibility for any direct or compensatory losses or damages brought on to any individual or entity, together with however not restricted to by any negligence (however excluding fraud, willful misconduct or some other sort of legal responsibility that, for the avoidance of doubt, by legislation can’t be excluded) on the a part of, or any contingency inside or past the management of, MOODY’S or any of its administrators, officers, workers, brokers, representatives, licensors or suppliers, arising from or in reference to the knowledge contained herein or using or incapacity to make use of any such data.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Buyers Service, Inc., a wholly-owned credit standing company subsidiary of Moody’s Company (“MCO”), hereby discloses that the majority issuers of debt securities (together with company and municipal bonds, debentures, notes and business paper) and most popular inventory rated by Moody’s Buyers Service, Inc. have, previous to project of any credit standing, agreed to pay to Moody’s Buyers Service, Inc. for credit score scores opinions and providers rendered by it charges starting from $1,000 to roughly $5,000,000. MCO and Moody’s Buyers Service additionally preserve insurance policies and procedures to deal with the independence of Moody’s Buyers Service credit score scores and credit standing processes. Info concerning sure affiliations which will exist between administrators of MCO and rated entities, and between entities who maintain credit score scores from Moody’s Buyers Service and have additionally publicly reported to the SEC an possession curiosity in MCO of greater than 5%, is posted yearly at www.moodys.com beneath the heading “Investor Relations — Company Governance — Director and Shareholder Affiliation Coverage.”Extra phrases for Australia solely: Any publication into Australia of this doc is pursuant to the Australian Monetary Providers License of MOODY’S affiliate, Moody’s Buyers Service Pty Restricted ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as relevant). This doc is meant to be offered solely to “wholesale shoppers” inside the that means of part 761G of the Companies Act 2001. By persevering with to entry this doc from inside Australia, you signify to MOODY’S that you’re, or are accessing the doc as a consultant of, a “wholesale consumer” and that neither you nor the entity you signify will straight or not directly disseminate this doc or its contents to “retail shoppers” inside the that means of part 761G of the Companies Act 2001. MOODY’S credit standing is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the fairness securities of the issuer or any type of safety that’s out there to retail traders.Extra phrases for Japan solely: Moody’s Japan Okay.Okay. (“MJKK”) is a wholly-owned credit standing company subsidiary of Moody’s Group Japan G.Okay., which is wholly-owned by Moody’s Abroad Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan Okay.Okay. (“MSFJ”) is a wholly-owned credit standing company subsidiary of MJKK. MSFJ shouldn’t be a Nationally Acknowledged Statistical Score Group (“NRSRO”). Subsequently, credit score scores assigned by MSFJ are Non-NRSRO Credit score Scores. Non-NRSRO Credit score Scores are assigned by an entity that isn’t a NRSRO and, consequently, the rated obligation is not going to qualify for sure sorts of remedy beneath U.S. legal guidelines. MJKK and MSFJ are credit standing businesses registered with the Japan Monetary Providers Company and their registration numbers are FSA Commissioner (Scores) No. 2 and three respectively.MJKK or MSFJ (as relevant) hereby disclose that the majority issuers of debt securities (together with company and municipal bonds, debentures, notes and business paper) and most popular inventory rated by MJKK or MSFJ (as relevant) have, previous to project of any credit standing, agreed to pay to MJKK or MSFJ (as relevant) for credit score scores opinions and providers rendered by it charges starting from JPY100,000 to roughly JPY550,000,000.MJKK and MSFJ additionally preserve insurance policies and procedures to deal with Japanese regulatory necessities.
GIFLS Capital Firm, LLC — Moody’s ABCP exercise ending 2 September 2022
