S&P Global Ratings today assigned its 'BBB+' credit rating to Arqiva Financing PLC's new fixed-rate £250.0 million series 2023-1 notes with a June 2045 legal final maturity date. The new issuance results in a note leverage ratio of about 3.35x, based on fiscal year ending June 2022 (FY2022) S&P Global Ratings-adjusted EBITDA of £309 million (post-exceptionals). Arqiva Financing PLC is an issuer under the corporate securitization of the Arqiva group's operating business. The previous issuance, series 2014-1, was in 2014. The new debt is denominated in British pound sterling, and will be used to partially refinance the existing Institutional Term Loan (ITL) and the European Investment Bank (EIB) loan. The transaction is a corporate securitization of the Arqiva group's operating