Nightingale Finance Issuer Credit Rating And Liability Ratings Withdrawn

  • Nightingale Finance operated as a structured investment vehicle. The issuer was dissolved in July 2018.
  • Following receipt of the event notification in January 2019, we have withdrawn our outstanding ICR and liability ratings on Nightingale Finance.
  
LONDON (S&P Global Ratings) Feb. 11, 2019--S&P Global Ratings today withdrew 
its issuer credit rating (ICR) and liability ratings on the Nightingale 
Finance Ltd. structured investment vehicle (SIV) following dissolution of the 
issuer (see list below).

The senior notes and the mezzanine notes were fully redeemed in September 
2017. The outstanding capital notes were fully redeemed in July 2018.

In July 2018, all parties to the transaction agreed to release all security 
granted under the security trust deed and terminate all the transaction 
documents.

Nightingale Finance operated as a structured investment vehicle. It was 
initially formed for the purpose of investing in investment-grade debt, 
comprising corporate asset-backed and sovereign debt securities and synthetic 
securities referencing assets referred to above, using the proceeds from the 
issuance of U.S. commercial paper, U.S. medium-term notes, euro commercial 
paper, euro medium-term notes, and subordinated capital notes under certain 
issuance programs.

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