KBRA Assigns Preliminary Ratings to Harben Finance 2017-1 Plc Business Wire KBRA UK (KBRA) assigns preliminary ratings to nine classes of notes issued by Harben Finance 2017-1 Plc (Harben 2017-1), a static RMBS securitisation collateralised by seasoned buy-to-let (BTL) mortgage loans. The portfolio, aggregating £512.1 million in current balance, consists of BTL loans secured by first lien residential properties located in England and Wales. Harben Finance [...]
KBRA Assigns Preliminary Ratings to UK Logistics 2026-4 DAC Business Wire KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of UK Logistics 2026-4 DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £613.7 million limited recourse, first lien mortgage loan expected to be originated by Barclays Bank PLC in September 2026. The floating-rate loan is expected [...]
KBRA Assigns Preliminary Ratings to Driver UK Multi-Compartment S.A., Compartment Driver UK twelve Business Wire KBRA UK (KBRA) assigns preliminary ratings to two classes of notes issued by Driver UK Multi-Compartment S.A., acting for and on behalf of its Compartment Driver UK twelve (Driver UK 12), a United Kingdom auto loan receivables ABS transaction. Credit enhancement on the notes is comprised of overcollateralisation, subordination, a cash reserve account and excess [...]
What to do in London this autumn, from festivals to art and theatre September 4, 2026 Plan your autumn in London with festivals, markets, theatre, design, film, food and rare building tours—see the top events to book now.
Ditch the ‘usual suspects’: Gov.uk founder urges Labour to look beyond Big Four consultants September 2, 2026 Labour has loudly pledged to slash taxpayer spending on external consultants. However, the founder of a City-based digital consultancy firm told City AM that the government still relies on private firms to plug operational gaps because the civil service previously “got rid of the wrong skills”. Ben Terrett, chief executive and founder of Public Digital, said the [...]
KBRA Assign Preliminary Ratings to London Cards Master Issuer PLC, Series 4 September 1, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of notes to be issued under the OnTap Master Trust structure, a UK credit card ABS programme backed by receivables originated and serviced by New Wave Capital Limited trading as Capital on Tap (CoT). The issuance relates to Series 4 (the Series), which will be issued [...]
Burnham shelves Thames Water administration plans over costs August 25, 2026 Andy Burnham has paused plans to take public control of Thames Water over fears that it could saddle the taxpayer with a bill running into the billions of pounds. The Prime Minister had been considering putting the struggling utility into a special administration regime (SAR), which would allow the government to take partial control of [...]
Thames Water creditors eye board shake-up if takeover plan succeeds August 24, 2026 The group of creditors vying to take control of Thames Water has said it will appoint the former bosses of Yorkshire Water and BT Openreach to the utility’s board should it succeed in fending off nationalisation by the government. The London & Valley Water (L&VW) consortium, which includes heavyweight investors including Apollo and Elliott, has [...]
KBRA Assigns Preliminary Ratings to Sona Aclai CLO I DAC August 20, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of Notes issued by Sona Aclai CLO I DAC, a multicurrency European cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of both broadly syndicated loans (BSLs) and private credit middle market (MM) loans. Sona Aclai CLO I DAC is managed by Sona Asset [...]
Britain’s problem isn’t too much Thatcherism, but too little August 7, 2026 Margaret Thatcher remains a bogeyman for Andy Burnham and the British left despite having left Downing Street 35 years ago, but their critiques are wide of the mark, says Emma Revell Everyone has someone or something they blame when things get tough. Astrology girlies use the position of Mercury to absolve themselves of any responsibility [...]