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 Life&Style 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 Consulting 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 [...]
Monitoring the situation: HSBC to add 46 CCTV cameras with ‘face detection’ outside new City HQ August 4, 2026 Few banks are better at monitoring the situation than HSBC. The UK’s biggest bank is gearing up to install dozens of CCTV cameras around the perimeter of its new City headquarters as it ramps up security ahead of its move from Canary Wharf next year. HSBC plans to fit as many as 51 new cameras, [...]
KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset) July 29, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes issued by Barings Euro Middle Market 2024-1 (Reset), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. The original transaction closed on 16 December 2024 as a static CLO. This transaction refinances the original CLO by [...]