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 under wouldn’t in and of themselves as of the date indicated under, lead to, because the case could also be, a discount, placement on evaluation for doable downgrade or withdrawal of Moody’s present ranking of the applications’ notes described under.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 supplied by varied Prime-1 assist 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 supplied by varied Prime-1 assist suppliers.Bunge can difficulty 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 gives full liquidity assist and is required to pay quantities underneath the swap on any day wanted to repay ABCP. The dedication underneath the swap settlement is adequate 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 gives full liquidity assist and is required to pay quantities underneath the mortgage on any day wanted to repay ABCP. The dedication underneath the mortgage settlement is adequate 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 tackle solely the credit score impression related to the additions and amendments to the applications described above, and Moody’s just isn’t expressing any opinion as as to if the additions or amendments have, or may have, different non-credit associated results that will have a detrimental impression on the curiosity of noteholders of the rated obligations and/or counterparties.Moody’s ranking 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 Strategy to Ranking Asset-Backed Industrial Paper” revealed in Could 2022. Alternatively, please see the Ranking Methodologies web page on https://scores.moodys.com for a replica of this technique.ABCP RESEARCH THAT WE PUBLISHWe monitor and analyze ABCP applications that we fee on an ongoing foundation. An in depth description of every program is revealed within the ABCP Program Evaluation 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 info and ranking 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.com for essentially the most up to date credit standing motion info and ranking 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 Shopper Service: 1 212 553 1653 Lisa Singman VP – Sr Credit score Officer/Supervisor Structured Finance Group JOURNALISTS: 1 212 553 0376 Shopper 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 Shopper Service: 1 212 553 1653 /td> © 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. 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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 info 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 info contained herein is supplied “AS IS” with out guarantee of any type. MOODY’S adopts all essential measures in order that the data it makes use of in assigning a credit standing is of adequate high quality and from sources MOODY’S considers to be dependable together with, when acceptable, impartial third-party sources. Nevertheless, MOODY’S just isn’t an auditor and can’t in each occasion independently confirm or validate info obtained within the ranking course of or in getting ready its Publications.To the extent permitted by regulation, MOODY’S and its administrators, officers, staff, brokers, representatives, licensors and suppliers disclaim legal responsibility to any particular person or entity for any oblique, particular, consequential, or incidental losses or damages in any way arising from or in reference to the data contained herein or using or lack of ability to make use of any such info, even when MOODY’S or any of its administrators, officers, staff, brokers, representatives, licensors or suppliers is suggested prematurely 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 harm arising the place the related monetary instrument just isn’t the topic of a selected credit standing assigned by MOODY’S.To the extent permitted by regulation, MOODY’S and its administrators, officers, staff, brokers, representatives, licensors and suppliers disclaim legal responsibility for any direct or compensatory losses or damages brought on to any particular person or entity, together with however not restricted to by any negligence (however excluding fraud, willful misconduct or another sort of legal responsibility that, for the avoidance of doubt, by regulation 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, staff, brokers, representatives, licensors or suppliers, arising from or in reference to the data contained herein or using or lack of ability to make use of any such info.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 almost all 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 companies rendered by it charges starting from $1,000 to roughly $5,000,000. MCO and Moody’s Buyers Service additionally keep insurance policies and procedures to handle the independence of Moody’s Buyers Service credit score scores and credit standing processes. Info concerning sure affiliations that 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 underneath the heading “Investor Relations — Company Governance — Director and Shareholder Affiliation Coverage.”Further 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 supplied solely to “wholesale purchasers” inside the which means of part 761G of the Companies Act 2001. By persevering with to entry this doc from inside Australia, you characterize to MOODY’S that you’re, or are accessing the doc as a consultant of, a “wholesale shopper” and that neither you nor the entity you characterize will immediately or not directly disseminate this doc or its contents to “retail purchasers” inside the which 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 buyers.Further 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 just isn’t a Nationally Acknowledged Statistical Ranking 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 won’t qualify for sure kinds of therapy underneath 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 almost all 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 companies rendered by it charges starting from JPY100,000 to roughly JPY550,000,000.MJKK and MSFJ additionally keep insurance policies and procedures to handle Japanese regulatory necessities.
Harmony Minutemen Capital Firm, LLC — Moody’s ABCP exercise ending 2 September 2022
