Examples of Rating Affirmation in a sentence
A Rating Affirmation Notice represents only a restatement of the opinions given, and is given on the basis that it will not be construed as advice for the benefit of any parties to the transaction.
Any Rating Affirmation Notice, if given, will be given on the basis of the facts and circumstances prevailing at the relevant time, and in the context of cumulative changes to the transaction of which the securities form part since the issuance closing date.
A Rating Affirmation Notice is given on the basis that it will not be construed as advice for the benefit of any parties to the transaction.
For more information on Rating Agency confirmations in respect of the Programme see the section of this Prospectus entitled "Risk Factors – Rating Affirmation Notice in respect of Covered Bonds" above.
However Covered Bondholders should be aware that any issuance of Covered Bonds will, subject to the comments made below in "Risk Factors - Rating Affirmation Notice in respect of Covered Bonds", be subject to written confirmation from each Rating Agency that such issuance will not adversely affect the then current ratings of the existing Covered Bonds.